Woofun AI notes that Wintermute's latest report attributes a market style shift to cooling AI trading, coinciding with the Nasdaq index falling for five consecutive days, including a 4.5% single-day drop, while the semiconductor sector faces significant pressure. Bitcoin declined 5.9% to approximately $59,300, breaking below the $60,000 mark, and Ethereum fell 7.9%.

The U.S. personal consumption expenditures price index (PCE) for May increased 4.1% year-on-year, bolstering expectations that high interest rates will persist for an extended period.

Additionally, the strengthening dollar continues to exert downward pressure on crypto assets.