Good or bad news today!!
-US inflation down: June’s CPI fell by 0.4%. This inflation truce eases pressure on the Fed and sent risk assets soaring: Ethereum (ETH) rose 6% (recovering $1,860) and Bitcoin (BTC) jumped nearly 4% to trade around $64,500.
-US government fund movement: Nearly $300 million in seized cryptocurrencies (about 3,940 BTC and 30,014 ETH) were transferred to Coinbase Prime, sparking fears of a possible large-scale selloff.
-UK fiscal change: The UK government announced it will defer the capital gains tax for certain transactions involving liquidity pools and lending, under a “no gains, no losses” approach.
-Geopolitical pressure: Rising tensions between the US and Iran in the Strait of Hormuz pushed up oil prices, acting as a counterweight and limiting the crypto rally.
As we can see, there’s one good piece of news and three that raise doubts about whether the market will rise or fall—what do you think?
#NoticiasPositivas #noticiasnegativas $BTC