Cloudy Fed Rate Path Keeps Crypto Investors Guessing

After ten consecutive rate hikes, markets now anticipate a 62% likelihood that the US central bank will pause at its June 13-14 policy meet, as shown by the CME Group's FedWatch tool.

But the tool shows a 70% chance of higher rates in July.

"There will be a plethora of market-moving data out next week. I'm trying to be more strategic about taking chances at the moment," said a chief investment advisor at a boutique alternative investment fund house in New York.