US inflation cooled more than economists anticipated in June, with the Consumer Price Index falling 0.4% monthly and annual inflation easing to 3.5%. This softer inflation data lifted Bitcoin prices above $63,000 and boosted US stock futures, as it reduced immediate concerns about aggressive Federal Reserve rate hikes. However, uncertainty remains due to factors like Fed policy, oil prices, and geopolitical tensions, keeping Bitcoin below key resistance levels. Markets now expect the Fed to hold rates steady in July but remain cautious about future moves depending on inflation and energy costs.
Bitcoin surged past $63,700 following the US June Consumer Price Index report, which revealed a 0.4% month-over-month decline in headline inflation—the largest drop since 2020. Core inflation remained steady at 2.6% annually, suggesting easing inflat...
Bitcoin has formed a one-hour death cross, a technical pattern that historically signals short-term price drops. Analysis suggests Bitcoin could fall to around $60,200 or even $57,250 based on past patterns, with possible brief rebounds before furthe...
Crypto buyers are showing renewed interest following a period of low activity and price declines, with Bitcoin rebounding to around $63,000–$64,000. This rebound may signal early signs of market recovery and the potential start of a new cycle, influe...
SBI Digital Finance and Doppler Finance are partnering to create a regulated XRP lending infrastructure for Japanese institutions, enabling XRP to be used as collateral to unlock liquidity. Meanwhile, Shiba Inu (SHIB) saw a 76% increase in average to...
US Consumer Price Index (CPI) fell 0.4% in June, marking the biggest drop since 2020 and coming in below expectations with headline CPI at 4% and core CPI at 3%. This cooler inflation data increased the likelihood of a Federal Reserve interest rate c...
