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RT @KobeissiLetter: BREAKING: President Trump posts a statement after CPI inflation rose to 2.7% this morning: “Consumer Prices LOW. Bring…

VOLUME OF WORLD MERCHANDISE TRADE ROSE 3.6% IN FIRST QUARTER OF 2025 FROM PREVIOUS QUARTER, SAYS WORLD TRADE ORGANIZATION REPORT IMPORTS SURGED IN NORTH AMERICA IN ANTICIPATION OF HIGHER TARIFFS IN THE UNITED STATES, WTO REPORT SAYS

⭕ The dollar against global currencies after the announcement that the annual inflation rate in the US accelerated to 2.7% in June 2025 ⬅️ The euro rose 0.14% against the dollar to $1.1682 ⬅️ The pound sterling rose 0.16% to $1.3447 ⬅️ The dollar/yen rose 0.01% to 147.71 yen ⬅️ The Canadian dollar rose 0.2% to 1.3680 against the US dollar

Crypto Today: Bitcoin, Ethereum, XRP trim gains amid declining ETF inflows and profit-taking : Bitcoin encounters volatility and slips toward $116,000 as investors book profits from the rally to record highs. Ethereum bears take back control as ETH drops below $3,000 ahead of US CPI data. XRP faces a fresh sell-off following Monday's rally, slightly above $3.00, ahead of the ProShares XRP Futures ETF launch. The cryptocurrency market is experiencing a sudden spike in volatility on Tuesday following a robust bullish wave the previous day. Bitcoin (BTC) is trading at $116,918, down over 2% in the day as investors book profits ahead of the release of the United States (US) Consumer Price Index (CPI) data for June. Altcoins have also run into heightened volatility, led by Ethereum's (ETH) drop below the pivotal $3,000 level and Ripple's (XRP) pullback below Monday's highs of around $3.02. Market overview: Bitcoin, Ethereum, XRP clawback gains ahead of US CPI data Bitcoin's rally to new all-time highs of $123,218 marked a 16% increase since July 1. The uptrend, which was primarily driven by "a decisive technical breakout and a sharp pickup in institutional demand," according to QCP Capital, is taking a breather on Tuesday as investors shift focus to the release of US inflation data. In May, the CPI rose 2.4% on an annual basis, up from 2.3% in April but below market expectations of 2.5%. The core CPI, which excludes the volatile prices of food and energy, increased 2.8% in May, matching a similar increase in April. On a monthly basis, both the CPI and the core CPI rose by 0.1%, falling below expert estimates of 0.2% and 0.3%, respectively. Market participants expect June's CPI to rise at a yearly rate of 2.7%, with the core CPI expected to increase by 3%, reflecting the potential for higher inflation in the US. Volatility is expected to characterize trading on Tuesday ahead of the inflation data release, with favorable outcomes likely to increase institutional appetite for riskier assets, such as Bitcoin, Ethereum, and XRP. Data spotlight: Bitcoin spot ETF inflows shrink Prior to the Bitcoin price hitting new record highs, the US spot ETF experienced two consecutive days of inflows surpassing $1 billion. SoSoValue data highlights approximately $1.18 billion in net inflow on Thursday, with $1.03 billion streaming in on Friday. Institutional appetite for Bitcoin as an alternative hedge asset against macroeconomic uncertainty, particularly surrounding tariffs in the US, catalyzed the rally to new record highs. However, with June's CPI data expected to rise, investors are taking precautions, considering the significant drop in spot ETF inflow volume to around $297 million, as recorded on Monday. The Ethereum spot ETFs' uptrend held steady on Monday, with inflows increasing to $259 million from approximately $205 million on Friday. This marked the seventh consecutive day of inflows, underscoring institutional risk-on sentiment. Chart of the day: Can Bitcoin resume the uptrend? The Bitcoin price trades 5% below its all-time high, reflecting increased volatility and profit-taking activity. The Relative Strength Index (RSI) reversal from overbought territory into the neutral area on the daily chart indicates fading bullish momentum, which could encourage traders to reduce their exposure. If the decline persists, tentative support could emerge from a buyer congestion zone between $115,000 and $116,000, as tested on Friday. Still, the uptrend could resume if traders hold steady, as reflected by the Money Flow Index (MFI) moving flat-out at around 80. This tool tracks the amount of money entering or leaving BTC. If it resumes the uptrend, higher demand for BTC could boost the tailwind, thereby pushing the price above $120,000. Altcoins update: Ethereum, XRP uptrend at risk Ethereum price is currently trading at $2,976, following a rejection from around $3,084. Despite the pullback, bulls showcase resilience, with the RSI holding near overbought territory and the MFI indicator moving horizontally at 78. If the correction persists due to US CPI data-related volatility, traders could look toward levels at $2,880 and $2,664, which were tested in June and early July, respectively, for short-term support. As for XRP, the path of least resistance is shifting downward, accentuated by the RSI falling to 77 from Monday's peak of 83. Traders should monitor the RSI for an extended drop into the neutral region, which could accelerate the down leg toward $2.65, a resistance level that has become support, and the 50-day Exponential Moving Average (EMA) at $2.34. The approval of the ProShares Ultra XRP ETF, a futures product with 2x leveraged exposure to XRP price action, by NYSE Arca could boost interest in the cross-border token. The XRP futures ETF is expected to trade on NYSE Arca under the ticker UXRP. ProShares plans to launch two additional products: The Short XRP ETF (XRPS) and the UltraShort XRP ETF (RIPS), according to a filing with the Securities and Exchange Commission (SEC) on Monday. The adoption of XRP and related financial products in the broader cryptocurrency market, along with these products, could boost interest in the token and catalyze the next breakout above $3.00 while targeting record highs. $BTC

Dogecoin, Shiba Inu face profit-taking risk as Bitcoin's rally takes a breather : Dogecoin bears regain control as the price slides below $0.2000 amid a sudden surge in the meme coin's supply in profit. Shiba Inu is at risk of extending the pullback from Monday's peak of $0.00001416 toward the 50-day EMA. Investors shift attention to the US CPI data, which is expected to rise by 2.7% on an annual basis. Dogecoin (DOGE) and Shiba Inu (SHIB) are frontlining meme coins losses on Tuesday, following a strong uptrend the previous day. The surge in the prices of DOGE, SHIB and other crypto assets followed in the footsteps of Bitcoin (BTC), which hit a new record high of $123,218 on Monday. However, volatility is striking in the broader crypto market during the late European session, as evidenced by the Dogecoin price's 3% drop on the day, trading at around $0.1912. Shiba Inu also faces rising selling pressure, signaling profit-taking and short-term risk-off sentiment among retail investors. Market overview: Dogecoin, Shiba Inu wobble ahead of US CPI data release Interest in crypto assets is shaky on Tuesday ahead of the release of the United States (US) Consumer Price Index (CPI) data for June. CPI is the measure of the average change in prices of goods and services paid by consumers over time. It is a key indicator of inflation and influences several pivotal economic policies.  Market participants expect June's CPI to rise at a yearly rate of 2.7%, with the core CPI expected to increase by 3%, reflecting the potential for higher inflation in the US.  In May, the CPI rose 2.4% on an annual basis, up from 2.3% in April but below market expectations of 2.5%. The core CPI, which excludes the volatile prices of food and energy, increased 2.8% in May, matching a similar increase in April. A favorable US CPI could protect investor risk appetite, thereby buoying prices to extend the uptrend. However, if the outcome exceeds expectations, interest in riskier assets like Bitcoin, Dogecoin, and Shiba Inu could falter, depriving these digital assets of the tailwind that sustains their bullish outlook. Technical outlook: Dogecoin, Shiba Inu offer bearish signals  Dogecoin, the largest meme coin by market capitalization of nearly $29 billion, is struggling to defend against increasing sell-side pressure.  The 200-day Exponential Moving Average (EMA) currently caps price movement at $0.2025, while the 100-day EMA indicator, which sits at $ 0.1900, provides initial support.  If the traders reduce their exposure, the 50-day EMA at $0.1819 could prove to be a crucial tentative support level. The Relative Strength Index (RSI) downward movement at 57 signals a decrease in buying pressure.  The steady price increase, reaching a Monday peak of $0.2109, has seen the meme coin's supply in profit expand, reaching approximately 104.5 billion DOGE, according to Glassnode.  As the Supply in Profit metric rises, more holders become profitable, and, in turn, this increases the probability of a pullback. Investors prefer to sell their holdings when in profit, as opposed to periods of unrealized loss. Dogecoin's supply in profit peaked at around 121 billion DOGE in May. This coincided with the increase in price from April's tariff-triggered crash at around $0.1302 to $0.2597, the highest top in May. The trend reversal that followed this upswing found support at around $0.1427 in June before bulls tightened their grip, propelling the Dogecoin price to $0.2109. In other words, traders should tread cautiously, considering the potential risk that the current pullback could extend toward the support level in June at around $0.1427. Still, with the Moving Average Convergence Divergence (MACD) maintaining a bullish outlook above the zero line on the daily chart, the path of least resistance could shift upward, potentially boosting the Dogecoin price to extend the uptrend above the pivotal $0.2000. As for Shiba Inu, the decline on Tuesday resulted in a price drop of over 2.5% to $0.00001292. The downward trend in the RSI at 57 hints at bearish momentum building. The loss of the 100-day EMA support at around $0.00001310 could predispose SHIB to an extended drop, targeting the next tentative support level provided by the 50-day EMA at around $0.00001248. Still, the MACD indicator upholds a buy signal triggered on June 27. If the blue MACD line holds above the red signal line, the path of least resistance could stay upward as traders increase exposure. Key milestones that could help steady Shiba Inu's uptrend include the potential break above the 200-day EMA at $ 0.00001450 and the peak in May, around $0.00001766. $DOGE $SHIB