📊 Macro Update:
Stronger-than-expected US economic data has fueled expectations for at least two Federal Reserve rate cuts this year. US equity markets responded positively:
✅ S&P 500 and Nasdaq Composite closed higher, both approaching record highs.
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💰 Crypto Market Recap:
• Bitcoin is trading sideways, down 0.36% on the day, showing range-bound consolidation despite the broader market rally.
• The ETH/BTC ratio remains stable, while Bitcoin’s market dominance rose above 66%, the highest level since January 2021.
• Altcoins remain under pressure, with most tokens posting daily losses.
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🔎 Key Focus Today:
• US May Core PCE Price Index release — critical inflation data for markets.
• BLAST Token Unlock: ~34.98% of circulating supply unlocked today, worth several million USD — expect possible volatility.
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📈 Stay tuned for more updates on market reactions and crypto price action.