The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

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In-Depth Analysis

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.

2.25% rates and a wide discount: Why the Loonie isn't an Oil trade

Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash

US-Iran talks: The next 60 days will decide where Oil prices go next

Oil markets received some encouraging news after weeks of rising tensions in the Middle East. But let’s not get ahead of ourselves: we’re far from victory, and markets just seem to have priced out the worst-case scenario.

The Yen problem Japan’s rate hike couldn’t solve

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Cryptocurrencies

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

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Stocks

Micron claws its way back to positive territory after deep sell-off

Micron Technology (MU) stock recovered back to positive territory by the close on Monday after selling off as much as 9.6% in the first hour of the morning session. The culprit for the heavy sell-off was multi-pronged.

Weekly Forecast

EUR/USD: US employment and central banks’ leaders take the stage

The EUR/USD pair fell sharply for a second consecutive week, trading as low as 1.1324 before recovering towards the current 1.1410 price zone. The US Dollar Index (DXY) peaked at 101.80, its highest in little over a year, extending the positive momentum triggered by the Federal Reserve’s (Fed) hawkish hold and easing Middle East tensions.

The US economy beat the Iran shock. Can it beat inflation too?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Gold: Sell-off intensifies, putting the $4,000 handle at risk

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.

US Dollar: The Dollar's second wind as markets rethink the Fed

Another promising week for the US Dollar (USD). Indeed, the Greenback climbed to levels last seen in early May 2025 near the 102.00 barrier, as measured by the US Dollar Index (DXY). The continuation of the move higher in the buck was propped up by rising bets that the Federal Reserve (Fed) might keep its cautious stance, or even hike rates, later in the year.