From Investing.com: 2024-05-31 01:33:21

Bitcoin price remained steady on Friday ahead of key U.S. inflation data, sitting on strong gains for May. The token was trading at $68,489.9, set to rise nearly 13% for the month within a $60,000 to $70,000 range since March. Rate fears dampened outlook with officials warning of high interest rates. Inflation data due on Friday expected to show cooling but remains above Fed target.

Crypto markets were subdued, with Ether falling 1% to $3,746.50. Altcoins like DOGE and SOL drifted lower, while DOT saw a 30% increase in April. Meme tokens like SHIB, DOGE, and KISHU dropped, with PEPE up over 100% in May. Ether set to gain 25% amidst potential ETF approval but decision still pending.

Read more at Investing.com: steady at $68k before PCE test, set for positive May By Investing.com