Bitcoin Remains Weaker as U.S. Rate Rise Expectations Weigh

Dow Jones06-30 20:18

1218 GMT - Bitcoin stays under pressure as U.S. interest-rate rise expectations reduce appetite for risky assets and lift the dollar. Investors are also weighing Strategy's announcement Monday that it could sell bitcoin to raise up to $1.25 billion in cash as the crypto-hoarding company attempts to strengthen its balance sheet. Meanwhile, the deadline for the transition to the EU's MiCA regulation for crypto firms is on Wednesday. Companies will need to have obtained a MiCA license to continue offering services across the bloc. Bitcoin falls 2.1% to $58,949, having reached a 21-month low of $58,075 last Thursday, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 30, 2026 08:18 ET (12:18 GMT)

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