The latest price moves in crypto markets in context for June 27, 2024.
Bitcoin’s recovery from Monday’s low under $59,000 stalled Monday as buyers failed to keep momentum above the $61,000 key Fib retracement level. Ether and the broader crypto market, measured by the CoinDesk 20 (CD20) Index, also saw lackluster trading during European hours.
The pause in crypto's advance coincides with the dollar index (DXY) topping 106, the highest since May 2, and the reading is used to gauge the greenback’s strength against a basket of six major currencies. A higher DXY tends to curb investor risk appetite, especially in an environment where the Federal Reserve is raising interest rates and preparing to shrink its bond portfolio.
Later Monday, traders will be watching U.S. first-quarter GDP data, durable goods for May and a weekly jobless report, all scheduled for 12:30 UTC (08:30 EST).
“The market may be most sensitive to the weekly jobless claims, given the recent increase and a growing sense, articulated by San Francisco Fed President Daly, that the labor market appears to be at an inflection point,” Marc Chandler, managing director and chief market strategist at Bannockburn Global Forex, wrote in a market update.
Crypto traders will also be closely watching the Biden-Trump presidential debate, set for 21:00 EST, for clues on what the outcome of November’s election might mean for the industry.
Bitcoin was trading at $60,360 at the time of writing early Monday, down 0.6% over the past 24 hours. The second-largest cryptocurrency by market capitalization was changing hands at $1,900, nearly unchanged.
Fear and Greed Index
The Fear and Greed total crypto market sentiment index stood at 60 by Monday, indicating “greed,” according to alternative.me.
Last week, the index fell to 48 from 55, indicating a shift toward “neutral” from “greed.” The reading had hit 24 in mid-May, the lowest since March 2020, as the Terra (LUNA) ecosystem collapsed, sparking a broader sell-off in crypto markets.
Chart of the Day: Visualizing Bitcoin’s Hash Rate Recovery After the Difficulty Adjustment
Bitcoin’s mining difficulty adjustment last week was the first after the halving, and the hashrate has recovered quickly from the adjustment. The hashrate is now at all-time highs, indicating strong demand for Bitcoin mining.
The hashrate, a measure of the total computational power dedicated to the Bitcoin network, determines the difficulty of mining a new block. A higher hashrate makes it harder to mine a block, and vice versa.
The hashrate typically adjusts every two weeks, and the adjustment is based on the average hashrate over the past two weeks. If the hashrate is high, the difficulty will increase, and if the hashrate is low, the difficulty will decrease.
The difficulty adjustment is designed to keep the average block time at 10 minutes, regardless of the hashrate.
Latest Block
Block 775,000 was mined at height 1,010,600,288 by an unknown pool.
The total transaction fees included in the latest block were 0.024 BTC.
The block size was 1.454 megabytes, and the total output was 1,900 BTC.
Upcoming Events
Monday:
U.S. first-quarter GDP
U.S. durable goods
U.S. weekly jobless report
Biden-Trump presidential debate
The above is the detailed content of Bitcoin\'s Recovery Stalls as Dollar Rallies. For more information, please follow other related articles on the PHP Chinese website!

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 English version
Recommended: Win version, supports code prompts!

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)
