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Cooler-than-expected June CPI inflation bolsters crypto and equity markets

Bitcoin and the wider cryptocurrency market posted an uptick, rising alongside stocks following cooler U.S. inflation data for June.

The Block·2024/07/11 13:49

Bitcoin Explodes Toward $60K as June CPI Numbers Favorable

Bitcoin’s price has reacted positively on data which indicates that inflation in the US is slowing down.

Cryptopotato·2024/07/11 13:19

SignalPlus Volatility Column (20240711): Be careful with macro data

Odaily·2024/07/11 13:08

Rhythm Evening News｜A list of important information in the crypto industry on July 11

BlockBeats·2024/07/11 12:16

Is the market ready for an ETH season in place of a full altcoin season?

Share link:In this post: ETH is showing signs of breaking out, but sentiment is mixed. The launch of a live ETF may trigger a price rally. In 2024, an ETH season may precede an altcoin rally, due to more liquidity, predictability, and lack of token unlocks for the Ethereum network.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultat

Cryptopolitan·2024/07/11 12:01

Elwood Technologies’ Large ETH Transfers Raise Questions Amid Acquisition Talks

Global fintech and crypto infrastructure provider Elwood Technologies has been moving Ethereum to and from centralized exchanges, sparking speculation in the crypto community.

Cryptopotato·2024/07/11 11:34

Pyth Network debuts new DeFi tool to slash MEV and return millions to dApps

Cryptobriefing·2024/07/11 11:34

The latest hot product in TON ecosystem: DOGS has more than 1.8 million users in two days after launch, and Telegram users can receive free airdrops

Odaily·2024/07/11 11:03

Macro Research: As the selling pressure gradually subsides, is Bitcoin expected to strengthen its upward momentum?

Odaily·2024/07/11 11:03

Panorama of the Crypto Credit Card Market in 2024: Crypto Revolution in the Global Economic Recovery

Odaily·2024/07/11 11:03

Flash

19:56

US Space Force: Blue Origin is still expected to undertake key satellite launch missions

Golden Ten Data, June 5 — The U.S. Space Force’s procurement division stated that despite the launchpad explosion last week, Jeff Bezos’s Blue Origin remains eligible to compete, thus bidding alongside Elon Musk’s SpaceX for the highly lucrative U.S. military space launch projects. The U.S. Space Force noted that this Blue Origin incident did not occur during an actual launch, but was part of a final pre-launch ignition test. Since the explosion did not happen during a certification flight, the agency said this will not result in Blue Origin being excluded from the certification process, and the company can still participate in bidding for the Pentagon’s "National Security Space Launch Program" Phase Three (“Lane 2”) contracts.

19:39

Trump stated that they will ensure the normal operation of 14 coal-fired power plants and 42 coal mines, and will also build two new coal-fired power plants and a large coal export terminal.

Coal exports are a high-quality foreign trade industry with very promising development prospects, and the stability advantage of coal-fired power generation is something other energy sources find difficult to replace. Various alternative energies struggle to achieve the same level of stable power supply as coal-fired power generation.

19:37

On Thursday, June 4th, at the close of trading in New York, the ICE U.S. Dollar Index fell by 0.10% to 99.432 points, remaining in a downward trend throughout the day. Before 16:00 (GMT+8), it held steady around 99.450 points, then displayed a V-shaped movement, hitting a daily low of 99.179 points at 20:00.

The Bloomberg Dollar Index fell by 0.06% to 1,204.71 points. In early European trading, the index briefly turned positive and reached an intraday high of 1,205.94 points at 15:41 (UTC+8). A V-shaped movement followed, and the index hit a new intraday low of 1,202.49 points at 20:00 (UTC+8).The US dollar against the Japanese yen fell by 0.03% to 160.02 yen. During a brief sharp decline, it reached a new intraday low of 159.61 yen at 12:34 (UTC+8).

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A dormant Ethereum wallet labeled 0x293a has moved 10,000 ETH after three years of inactivity, raising fresh questions about whale intent and market impact.

Ripple Partner Thunes Unveils Development That Could Strengthen XRP’s Global Payment Narrative

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