-- Global markets are on tenterhooks ahead of a Federal Reserve interest-rate decision and key US inflation figures. Bitcoin investors have reason to be particularly alert for potential volatility.Investment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanA 30-day correlation between Bitcoin and the US 10-year Treasury yield is at minus 53, one of the most negative readings in data compiled by Bloomberg since 2010.
A net $15.6 billion has poured into the ETFs since their January launch. On Monday, $65 million was pulled from the products, snapping a run of 19 straight days of subscriptions, according to data compiled by Bloomberg.The inflation data are expected to show price pressures running well ahead of the US central bank’s comfort zone.
The crypto market “is like a junkie that constantly needs bullish news to stay up,” said Anand Gomes, co-founder of Paradigm, a derivatives platform. “So when there is none, the path of least resistance is lower.”Is There Room for Common Ground on Congestion Pricing? GameStop stock spiraled lower Monday after a wild week that culminated in a livestream from investor Keith Gill, also known as Roaring Kitty. It also said in a filing with the Securities and Exchange Commission on Friday that it was selling up to 75 million shares of the company’s stock. Trade in so-called meme stocks had been reinvigorated this week after a series of posts from Gill showed his position of 5 million shares and 120,000 call options that expire on June 21 with a $20 strike price.
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