CME FedWatch Predicts No Rate Cut in June, Impacting Crypto Markets

The CME Group’s FedWatch tool indicates a 97.8% probability of no change in the Federal Reserve’s interest rate at its upcoming meeting this June. This high likelihood has been reflected in the crypto market as Bitcoin and Ether saw notable shifts in self-custody levels and ETF flows. Bitcoin investors are increasing their own custody, while Ethereum ETFs received substantial inflows, indicating growing confidence in its stability during uncertain economic times.