Crypto Markets React to Fed Minutes
Bitcoin (BTC-USD) slipped by approximately 1% on Thursday after the release of the Federal Reserve’s May policy meeting minutes, which highlighted growing concerns over persistent inflation and a potentially slowing U.S. economy. The cautious tone spooked markets, leading investors to reassess their positions in risk-on assets such as Bitcoin.
Market specialists note that traders are not just focused on interest rate signals. There’s heightened interest in how the Fed interprets inflation risks in the context of new trade policies—especially following the recent 50% tariff imposed by the U.S. on imports from the European Union.
While Bitcoin weakened slightly, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, climbed nearly 4%, trading around $2,725.
Market participants point to a familiar pattern: when Bitcoin loses momentum or stalls, investor attention often shifts to alternative assets. Ethereum, backed by strong fundamentals and continuous innovation, tends to benefit most from this dynamic. Historically, ETH has consistently outperformed during Bitcoin consolidation phases.
The global cryptocurrency market capitalization stood at $3.42 trillion, reflecting a 0.51% decline over the past 24 hours.
In ETF-related news, U.S.-based spot crypto funds showed strong activity. On May 28, spot Bitcoin ETFs recorded net inflows of \$432.7 million. Meanwhile, spot Ethereum ETFs attracted $84.9 million in net inflows—modest by comparison, but still indicative of growing investor interest in ETH-focused instruments.
The AI powerhouse Nvidia posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year.
AI crypto tokens, including Bittensor , NEAR Protocol and Internet Computer (CIP), moved slightly higher after Nvidia’s earnings beat.
Turning to the outlook amid recent global trade uncertainties, Nvidia said it expects second-quarter revenue to come in below market estimates as a result of tariff-related restrictions between the U.S. and China.
Elsewhere in the crypto ecosystem, Nasdaq-listed VivoPower marked a notable milestone by becoming the first publicly traded company to launch a treasury focused on XRP. The company has raised up to \$121 million to fund XRP acquisitions. Despite the headline, XRP remained flat, trading around \$2.28.
In a significant tokenization development, New Jersey’s Bergen County announced plans to tokenize \$240 billion worth of real estate deeds on the Avalanche network. This news helped push AVAX up by 2%, with the token trading around \$23.65. However, other real-world asset (RWA) tokens such as XLM, HBAR, LINK, and ONDO saw an average decline of 1%.
Meanwhile, the U.S. Securities and Exchange Commission has reportedly delayed its decision on two crypto ETF proposals from Grayscale—specifically for Avalanche and Cardano. Despite the regulatory delay, both AVAX and ADA posted modest gains, up 1% and 2%, respectively.
Tech Check
With BTC range bound since its $112,000 all-time highs, macro analysis from trading firm QCP Capital ultimately suggested little chance of a price breakout without a suitable catalyst.
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