Bitcoin briefly rose above $26,000 before dropping back down to $25,850, with concerns over regulatory issues and inflation-fighting monetary policy weighing on the market. The release of the May Consumer Price Index and the Federal Reserve's interest rate decision are now being closely watched by investors.
Meanwhile, the CoinDesk Ethereum Trend Indicator has fallen into downtrend territory, indicating a decline in investor sentiment. Other cryptocurrencies, including Ether, SOL, MATIC, and ADA, also experienced losses, while major U.S. equity indexes rose.
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