๐ Market Pulse โ Daily of 03 June 2026
๐ Even if Oil Prices Peak Soon, the Global Economy Will Slow This Year
The ongoing conflict in the Middle East is significantly disrupting global energy and commodity supplies, leading to a projected slowdown in economic growth this year. This disruption is also expected to contribute to rising inflation through 2027, according to the Organization for Economic Cooperation and Development.
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๐ Is the 2026 crypto bull market over?
Bitcoin has fallen significantly below its recent highs, trading near $69,200, a substantial drop from its October 2025 peak. The cryptocurrency has now experienced three consecutive months of declines, raising questions about the continuation of the 2026 bull market.
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๐ก๏ธ Bitcoinโs plunge to $65,000 has traders paying to protect against a fall to $50,000
Bitcoin's sharp decline below $70,000 has shifted market sentiment from opportunistic buying to a focus on risk mitigation. Traders are now actively seeking protection against further price drops, with some paying to insure against a potential fall to $50,000.
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๐ San Francisco's Wild Housing Market: AI Boom Sends Home Prices Soaring
The artificial intelligence boom is significantly impacting San Francisco's real estate market, causing home prices to skyrocket. This surge is making it increasingly difficult for tech workers and others to afford housing in the city.
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๐ฆ Fed Chair Warsh makes first hires at central bank, including โProject 2025โ author
Federal Reserve Chair Kevin Warsh has appointed two conservative economic policy researchers to his team at the central bank. One of these hires is the author of a key chapter from 'Project 2025,' indicating a potential shift in economic policy direction.
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