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A pair of economic reports this week will show whether inflation is holding strong, receding somewhat or even perhaps increasing as 2024 progresses. First up will be the producer price index for April on Tuesday. The measure of inflation at the wholesale level – the prices businesses pay for the goods and services they then sell to consumers – is expected ...
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Bitcoin (BTC) gained 2.33% on Monday (May 13). Following a 1.00% rise on Sunday (May 12), BTC ended the session at $62,920. Investors brushed aside Hong Kong BTC-spot market flow data for Monday. According to Farside Investors, the HK BTC-spot ETF market faces a third consecutive day of net outflows. Based on flow data from AMC, the ChinaAMC Bitcoin ETF saw ...