(Cryptocurrency Prices on June 6: Bitcoin holds near $71K, Altcoins trade flat )

Major cryptocurrencies were trading flat on Thursday amid rising expectations that the U.S. Federal Reserve will likely cut interest rates in September.

At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.

"Bitcoin hovered around the $71,000 level with increasing inflows in the Bitcoin spot ETFs and rising open interest in the futures market. The $72,000