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via CoinDesk · By CoinDesk Staff

U.S. inflation meets expectations, keeping Fed rate cuts on hold as bitcoin slips holds $61,000

BTC

BTC/USDT

$79,650.68

-1.82%

$79,650.68

-1.82%

(24s)

24h Volume

$17,688,087,062.06

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

CoinDesk Staff

(12:42 PM UTC)

1 min read

Updated byEmily Watson

0 comments

U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance

Bitcoin was trading at $61,700 following the news, slightly down over the past 24 hours.

U.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will keep interest rates at 350-375 bps at its June 17 meeting but is likely to increase rates by 25 bps by the end of the year.

The…

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CoinDesk Staff · CoinDesk

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