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The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
- 15:34WalletConnect Raises $10M in Four Token Sale Rounds, Transfers to Be Available SoonAccording to Foresight News, WalletConnect announced that it has raised $10 million in four rounds of token sales, including $4 million in community financing on CoinList, $500,000 in private financing on Echo, $4 million in community financing on Bitget LaunchX, and $1.5 million in private financing. In addition, its token WCT will open liquidity after the community votes on the transfer function. The community vote will be conducted after the service node source code of the WalletConnect Network is open source.
- 15:31U.S. S&P Global Composite PMI preliminary value for February hit a 17-month low, the dollar index DXY short-term drop of more than ten pointsFebruary 21 news, according to Golden Ten reports, the U.S. February S&P Global Manufacturing PMI preliminary value recorded 51.6, a new 8-month high. U.S. February S&P Global Services PMI preliminary value recorded 49.7, a 25-month low. U.S. February S&P Global Composite PMI preliminary value recorded 50.4, a 17-month low. The US dollar index DXY briefly dropped more than ten points and is now at 106.46.
- 15:25Today's U.S. Bitcoin ETF saw a net outflow of 2,744 BTC, while the Ether ETF saw a net outflow of 3,148 ETHFeb. 21, 2012 According to Lookonchain monitoring, today 10 U.S. Bitcoin ETFs saw a net outflow of 2,744 BTC ($270.93 million), of which BlackRock saw an outflow of 1,137 BTC ($112.26 million), with BlackRock currently holding 586,641 BTC ($57.93 billion); 9 Ethereum ETFs saw a net outflow of 3,148 ETH ($8.83 million), with 2,094 ETH ($5.87 million) outflows from grey ETHE, which currently holds 1,300,716 ETH ($3.65 billion).