Markets
News Explorer — Crypto Markets Fall Despite Cooling Inflation, Solana Reverses Gains
June 28, 4.37pm
The rebel
Cryptocurrency Markets Down Despite Cooling Inflation, Solana Reverses Gains
Despite the cooling of US inflation, cryptocurrency markets have seen a decline in prices. Bitcoin, Ethereum, and Solana have all seen declines, with Solana reversing its ETF gains. While some tokens like Akash Network and Ethereum Name Service have seen gains, others like Fetch.ai and Quant have declined. The recent inflation data may give the Federal Reserve confidence, but it is unlikely to lead to a rate cut.