La inminente reunión del FOMC de junio agita el mercado de Bitcoin

Quick Take Las acciones de la Reserva Federal, específicamente sus decisiones sobre tasas de interés, sirven como un catalizador externo que influye en los movimientos de precios de Bitcoin, como señaló Swissblock. Los recientes repuntes de Nasdaq y NVIDIA no han afectado significativamente el mercado de criptomonedas, pero Swissblock ha observado que la probabilidad fluctuante de aumentos en las tasas de interés ha afectado los movimientos de precios de Bitcoin.

Timeline of Bitcoin

Bitcoin Price Analysis: The Bitcoin price witnessed a bearish reversal from the resistance trendline of the channel pattern on May 29th, indicating the buyers are not yet ready to start a recovery rally. From the reversal point, the BTC price plunged 5% over the week and currently exchange hands at $26749.

Google search interest for cryptocurrency-related terms, including "crypto," has been on the decline for the past two months, reaching levels not seen since late 2020. What Happened: Google Trends data shows that the term "crypto" currently has a score of 17, indicating a substantial drop in search volume.

The latest price moves in bitcoin (BTC) and crypto markets in context for June 5, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Since last Friday's wMarket report, the cryptocurrency market saw net outflows of $17 billion and currently stands at $1.13 trillion — down 1.54%. The market capitalizations of Bitcoin (BTC) and Ethereum (ETH) plunged 1.74% and 1.99% to $518.99 billion and $224.63 billion, respectively.

In an eventful month overshadowed by macroeconomic uncertainties, Bitcoin experienced an 8.0% decline. However, despite this setback, the network's activity remained remarkably robust, marking the fifth consecutive month of growth.

The cryptocurrency market is once again experiencing a decline as the price of Bitcoin faces significant bearish pressure. Following its yearly peak of $31,170, Bitcoin has entered a retracement phase, resulting in setbacks and causing concerns among investors.

A Russian official has been detained for receiving a $24 million bribe in Bitcoin (CRYPTO: BTC) from members of the hacker group Infraud Organization. What Happened: Marat Tambiev, was the head of the investigative department for the Tverskoy district of Moscow until he was fired for corruption.

After investigating, they found that it was a problem that so far appears to have plagued only less than 1% of the number of monthly active users, with the last suspicious transaction occurring yesterday.

In a cautionary message to investors, a highly regarded crypto analyst, Benjamin Cowen, highlights a potential deep correction looming in the altcoin markets. With a massive following of 783,000 subscribers on YouTube, Cowen asserts that historical trends indicate a significant downturn for altcoins.

Quick Take Miners are continuing to transfer Bitcoin to exchanges. As CryptoSlate identified last week, we saw the largest one-day Bitcoin transfer from miners to exchange in two years.