Bitcoin Leads Monday Crypto Decline, Extending Weekend Losses

The global cryptocurrency market capitalization is $913 billion, a 2% decrease over the last day. Bitcoin, the top cryptocurrency by market value, dropped for a fourth day, with no immediately apparent reason. XTZ, the native token to Tezos, a decentralized open-source blockchain based on smart contracts, is today’s top gainer according to the Forbes Digital Assets leaderboard. The stock market was down late on Monday following the better-than-expected jobs report. The CPI increased 8.6% in May, its highest annual rate in 40 years. The Federal Reserve Chairman Jerome Powell suggested that the central bank will continue to hike rates aggressively with a similar 75 basis-point increase under consideration. The long-term average inflation rate is roughly Source