From Investing.com: 2024-06-10 02:23:57

Bitcoin price stabilized on Monday after dropping from recent highs, with focus on U.S. interest rates. The cryptocurrency hit $72,000 last week, almost reaching record highs. It rose 0.3% to $69,534.4. The decline followed hot inflation data, leading traders to rethink Fed rate cut bets.

The upcoming Fed meeting and inflation data will shape crypto markets. High inflation rates could delay rate cuts, impacting crypto prices. Altcoins like Ethereum steadied at $3,680.01 after weekend losses. Other tokens like XRP, ADA, and SOL rose slightly, while SHIB and DOGE fell.

Read more at Investing.com: steadies at $69k as rate fears mount before Fed, CPI By Investing.com