Stock Market Impact: Bitcoin fell to $72,782.9, a 4% decline and six‑week low, dragging altcoins lower; risk sentiment deteriorated following renewed U.S. military strikes on Iran and higher oil prices.
Listed Companies and Sectors: No specific listed company earnings; however, the cryptocurrency sector faced a broad sell‑off, and energy prices rose as Brent crude moved above $97 per barrel.
Investment Flows: U.S. spot Bitcoin ETFs recorded net outflows of $733.43 million on 27 May, part of >$2.5 billion outflows from crypto‑related ETFs over the past two weeks; a $1.29 billion dark‑pool block trade linked to BlackRock’s iShares Bitcoin Trust (IBIT) coincided with the price reversal.
Interest Rates, Inflation, and Liquidity: Markets await U.S. inflation data later Thursday, which could influence Federal Reserve interest‑rate expectations amid persistent inflation and elevated energy prices.
Fiscal or Monetary Policy: No direct fiscal or monetary policy announcements; the focus remains on potential impact of upcoming U.S. inflation figures on Fed policy.
