Developing2 outlets · over 23 hours
US inflation tops 4%, pressuring Bitcoin and gold
US inflation hit 4.2% in May, the highest in three years, crushing hopes for rate cuts and pushing some analysts to expect rate hikes. Bitcoin fell 36% since January, gold dropped 23% from its January peak, and crude oil surged over 50% in the same period.
The story so far2 updates, latest first.
Tracked by ByteBrief