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BTC/USD: Bottoming Signs Emerge as Bulls Target 67,370
Bitcoin price continued rising, reaching its highest level since June 22nd as traders embraced a risk-on sentiment following the release of the encouraging consumer inflation data. The BTC/USD pair rose to 64,500, up substantially from the year-to-date low of 57,900. US Inflation Reduces Odds of Interest Rate Hikes The BTC/USD pair jumped as traders reacted to the latest US consumer inflation report. Data showed that the headline consumer price index (CPI) dropped by 0.4% in June, missing the estimated slowdown of 0.4%. Inflation eased from 4.2% in May to 3.5% in June, also lower than the expected 3.8%. The report ... (full story)
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From fxstreet.com | 22 hr ago
Ethereum (ETH) jumped more than 7% above $1,850 on Tuesday following a weaker-than-expected US Consumer Price Index (CPI) report for June. The inflation data fell to 3.5% below expectations of 3.8%, marking a month-on-month decline of 0.4%, its largest monthly drop since May 2020. Core CPI also fell to 2.6% below forecasts of 2.8%. Following the decline, ...
The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June. The June decline in the ...
US CENTCOM: : AT 6 A.M. ET TODAY, U.S. CENTRAL COMMAND FORCES BEGAN LAUNCHING A WAVE OF STRIKES AGAINST IRAN. - RTRS $CL U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming ‘forever war’ The U.S. launched a fresh round of strikes on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. U.S. Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET. “The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz,” it said. Centcom had carried out more strikes against Iran on Tuesday. Tehran, meanwhile, has launched attacks on multiple Gulf countries. In an interview with Fox News on Tuesday evening, Trump hinted that the conflict was more likely to intensify than de-escalate as a fragile ceasefire agreed last month continues to fracture.
U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming ‘forever war’ The U.S. launched a fresh round of strikes on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. U.S. Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET. “The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz,” it said. Centcom had carried out more strikes against Iran on Tuesday. Tehran, meanwhile, has launched attacks on multiple Gulf countries. In an interview with Fox News on Tuesday evening, Trump hinted that the conflict was more likely to intensify than de-escalate as a fragile ceasefire agreed last month continues to fracture.
