🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Investing.com-- Bitcoin price moved little on Monday after rebounding over the weekend, although the token still remained rangebound amid persistent caution over the outlook for U.S. interest rates.moved little in the past 24 hours and steadied at $67,148.4 by 01:01 ET .
Any more cues on interest rates will be largely in focus, after some soft inflation readings for April put market focus squarely on a September rate cut. But Fed officials warned that the bank needed more convincing that inflation was easing.also steadied from last week’s losses, limiting any major upside in Bitcoin.
Altcoins have struggled for traction in recent months as a bulk of crypto capital flows remained biased largely towards Bitcoin. Potential regulatory moves against Ethereum, by the Securities and Exchange Commission, have also dampened appetite for altcoins.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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