The bitcoin price fell 1.63% today (June 28) to $20,733.83.
Bitcoin’s downward move this morning came after the Dow Jones Industrial Average closed down in a narrow 62-point range on Monday (June 27), while Wall Street moved lower.
- The Dow Jones Industrial Average fell 62.42 points, or 0.20%, to close at 31,438.26 points.
- The S&P 500 fell 11.63 points, or 0.30%, to close at 3,900.11 points.
- The Nasdaq fell 83.07 points, or 0.72%, to close at 11,524.55 points.
Following last week’s slump in commodity prices, investors have shed their inflation fears. As a result, the US interest rate is expected to reach a high of 3.5%. This was down from the previous forecast of 4%.
Investors reacted to the release of the U.S. consumer confidence index from the University of Michigan on Friday. Consumers expect inflation to reach 5.3% next year, which is even higher than the 4.2% recorded in the same period last year. However, it is lower than the preliminary 5.4% reading two weeks ago.
The Spot Market is Open
Tuesday, June 28, 2022
| Crypto Updated at | USD Price | Change | %Chnage |
| 11.20 BTC | 20,723.12 | -489.03 | -2.31 |
| 11.20 ETH | 1,180.01 | -34.03 | -2.80 |
| 11.20 LTC | 54.64 | -2.86 | -4.98 |
| 11.20 BNB | 234.35 | -3.36 | -1.41 |
| 11.20 XRP | 0.34 | -0.02 | -5.14 |
| 11.20 ADA | 0.48 | -0.02 | -3.50 |
| 11.20 DOT | 7.57 | -0.56 | -6.83 |
| 11.20 DOGE | 0.07 | -0.01 | -7.04 |
| 11.20 UNI | 5.20 | -0.54 | -9.39 |
| 11.20 LINK | 6.47 | -0.35 | -5.17 |