Analysis: BTC rally cools on profit-taking ahead of key US inflation data
07-15 11:38

Odaily News Analysts believe that after the price of Bitcoin soared from $108,000 to $122,000, it fell below $117,000 because investors seemed to be taking profits before the release of the US CPI data in June. Bitfinex and Nansen analysts warned that higher-than-expected inflation could delay possible rate cuts and prolong the callback of cryptocurrencies. In addition, the market currently seems to be preparing for the CPI data in June, which may affect expectations of rate cuts this year. (The Block)

最热快讯
资讯热榜
日榜
周榜
币安将上线ALLUSDT永续合约,最高75倍杠杆
INFINIT (IN) to be listed on Binance Alpha and Binance Futures
LBank's online meme assets increased, with FARTLESS, BILLY1, LIZARD, MAGIC, etc. seeing the highest increase of 577%.
Trump will deliver a major speech at 8 p.m. tonight
MYX briefly hit 1.3 USDT, a 24-hour increase of 337%.
EU officials: No consensus has been reached with the US on a joint statement on a trade deal