From Investing.com: 2024-06-03 02:01:24

Bitcoin price slightly increased by 1.3% on Monday, staying within a $60,000 to $70,000 trading range despite anticipation of major central bank interest rate cuts and weakness in the dollar.

El Salvador President Nayib Bukele’s re-election brought minimal impact on Bitcoin price, with little mention of the cryptocurrency during his swearing in despite his previous promotion of Bitcoin as legal tender and significant investments in the token.

Crypto prices remained stagnant on Monday, with Bitcoin, Ethereum, and Binance Coin showing minimal movement amid expectations of interest rate cuts by major central banks later in the week. Stock markets rallied in anticipation of potential rate cuts by the Federal Reserve.

Read more at Investing.com: rangebound at $68k despite rate cut hopes By Investing.com