Markets
News Explorer – Crypto Markets Fall Despite Cooling Inflation, Solana Reverses Gains
June 28, 4:37 pm
The Challenger
Crypto Markets Fall Despite Cooling Inflation, Solana Reverses Gains
Despite the cooling of inflation in the US, cryptocurrency markets have suffered a drop in prices. Bitcoin, Ethereum and Solana all suffered 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 may provide confidence to the Federal Reserve, but it is unlikely to lead to a rate cut.