Bitcoin remains under pressure after hitting a 21-month low.

As the expectation of a US interest rate hike brings pressure, Bitcoin remains weak after hitting a 21-month low overnight. Nexo analyst Iliya Kalchev stated in a report that the potential rate hike signal sent out by the Federal Reserve at the June meeting is still the dominant macro narrative, with the market expecting policy tightening as early as September. "The Thursday non-farm payroll report released before the Independence Day holiday will be the next important catalyst for interest rate prospects, which have been weighing on cryptocurrency throughout June," according to London Stock Exchange Group data, Bitcoin fell 0.2% to $58,591, after hitting a low of $57,775 overnight.