Markets
News Explorer – Crypto Markets Down Despite Cooling Inflation, Solana Reverses Gains
June 28, 4:37 p.m.
The defiant
Crypto Markets Fall Despite Cooling Inflation, Solana Reverses Gains
Despite the slowdown in US inflation, cryptocurrency markets have seen falling prices. Bitcoin, Ethereum, and Solana all saw declines, with Solana reversing its ETF gains. While some tokens like Akash Network and Ethereum Name Service saw gains, others like Fetch.ai and Quant fell. Recent inflation data could give the Federal Reserve confidence, but it is unlikely to lead to a rate cut.