Bitcoin consolidates below $70k, stocks sink on hawkish FOMC comments

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– A rebel Republican Congressman who attempted to oust House Speaker Mike Johnson and has criticized Donald Trump staved off two challengers from within his own party last night, which may give new momentum to his campaign to abolish the Federal Reserve. - Although U.S.

- A potential West Coast/East Coast feud is brewing in financial markets as two major exchanges creep into each other's carved-out lanes.Last week, Coinbase Derivatives, the leading U.S. cryptocurrency derivatives exchange, announced it would launch retail-sized futures contracts for oil and gold on June 3.

 

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