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Bitcoin holds near $62K ahead of key macroeconomic reports
Bitcoin traded near $62,000 on Monday, holding onto recent gains as investors adopted little conviction ahead of key macroeconomic reports this week. In a report on Monday, QCP analysts highlighted that Tuesday's US Consumer Price Index (CPI) data could be the first major catalyst to decide the market's direction. A softer-than-expected inflation reading could strengthen expectations for Federal Reserve (Fed) policy easing later this year. On the other hand, another upside in CPI may reinforce the case for keeping interest rates higher for longer. QCP also highlighted Federal Reserve Chair Kevin Warsh's upcoming ... (full story)
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The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT,” but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately. Thank you for your attention to this matter! President DONALD J. TRUMP
*TRUMP: WE'RE TAKING OVER THE STRAIT OF HORMUZ TRUMP: MAY SEE SHUTDOWN IN SEPTEMBER IF FILIBUSTER DOES NOT END *TRUMP, ASKED ABOUT IRAN REBUILDING: IRAN HAS NO CHANCE *TRUMP: WILL PROBABLY RUN HORMUZ *TRUMP: IRAN DIDN'T GET ANYTHING FROM ME TRUMP: HIT IRAN VERY HARD LAST NIGHT TRUMP: WE'RE GOING TO GET PAID FOR GUARDING STRAIT TRUMP ON IRAN: THEY'RE A BAD GROUP OF PEOPLE - INTERVIEW
From parameter.io | 12 hr ago
Bitcoin experienced a notable decline Monday as escalating tensions between the United States and Iran prompted investors to retreat from higher-risk assets, including cryptocurrencies. The leading digital asset by market capitalization fell 1.8% to trade at $62,853.4 during early Monday trading hours. This price level represents approximately a 50% decline ...
