Bitcoin has fallen below 60k, and Ethereum is weakening in sync. The crypto market has entered the late bear phase, but the true cycle bottom may not have appeared yet.



Recently, the cooling of AI trading has become the main theme of the global market. The Nasdaq has fallen for five consecutive trading days, and the Philadelphia Semiconductor Index plummeted 7% in a single day. Funds are rotating from large-cap tech stocks to small-cap stocks and U.S. Treasuries, while crypto assets are under pressure alongside tech stocks.

At the same time, the U.S. May PCE inflation rose to 4.1%, strengthening market expectations that the Federal Reserve will maintain high interest rates for a long time. A stronger dollar further suppresses risk asset performance #btc $btc
BTC2.01%
ETH2.87%
NAS1001.20%
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