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Bitcoin traders have positioned for a Federal Reserve pause next week, with CME FedWatch data showing a 98.2% probability that policymakers will leave interest rates unchanged at the June 16-17 meeting.

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Lekker Capital's Quinn Thompson advocates avoiding crypto for the summer and return in late Q3, citing record IPO supply, waning liquidity, and unresolved problems at Strategy (NASDAQ:MSTR) and Bitmine (NASDAQ:BMNR). Three Headwinds Making Summer Crypto Dangerous Right Now Thompson's bearish case rests on three overlapping pressures hitting simultaneously.

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The integration of crypto by traditional finance could amplify systemic risks, challenging existing crypto firms to adapt or collaborate. Kraken co-CEO David Ripley: traditional firms will offer Bitcoin services.

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The tech sell-off and Bitcoin's dip highlight market volatility, reshaping investor expectations on interest rates and risk asset valuations. NASDAQ sinks 3% as tech sell-off reignites, dragging Bitcoin below $60K.