🇺🇸 June CPI inflation rate falls to 3.0%, below expectations of 3.1%.

Core CPI inflation fell to 3.3%, below expectations of 3.4%.

This marks the 39th consecutive month with inflation at or above 3%.

It's also the 3rd straight month with declining CPI inflation.

🇺🇸 CPI inflatioN fell by -0.1% in June 2024, below expectations of a +0.1% increase.

This is officially the first NEGATIVE month-over-month inflation print since May 2020.

The Fed is going to love this inflation report.

🇺🇸While June CPI inflation is at 3.0%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 19.5%
2. Transportation Inflation: 9.4%
3. Hospital Services Inflation: 6.9%
4. Car Repair Inflation: 6.0%
5. Electricity Inflation: 5.9%
6. Homeowner Inflation: 5.4%
7. Rent Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%

Inflation has been at or above 3% for 39 consecutive months now.

While June CPI was a move in the right direction, elevated inflation in key categories makes inflation feel much higher.

We've also now had over 3 years of compounding inflation.

Affordability is still getting worse.

🇺🇸SEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.

TON- Moving in a symmetrical triangle so wait for Breakout or Breakdown

A new CME report has been released, based on which we can conclude that institutions are starting to increase their positions, likely in anticipation of higher volatility 📉📈

Waiting 🍿

#BTC

Over the week, the open interest in CME futures decreased by $2 billion.

Okay, it seems the major players are losing faith.

Forbes counted the top ten cryptocurrencies with the best performance in the first half of 2024, which are:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8 billion
Core: up 152%, $1.2 billion
Toncoin: up 135%, $18.8 billion
BGB: up 100%, $1.6 billion
Bonk: up 90%, $1.5 billion — link

Heatmap of Top 200 Coins (1d) 📊

If history rhymes #Bitcoin will have boring price action during the summer and the exponential run in Q4

While you were scared, whales just bought $4.3 billion worth of #Bitcoin

Inflows into #Bitcoin Spot ETFs are on the rise. Five days in a row of positive net flows for the first time in over a month.

This is a good sign for the market. If the trend continues, it will be bullish for Bitcoin. 📈

Since Germany has finished selling their #Bitcoin   , the price has increased almost 13% 🚀

Some potentially gamefi early bird projects.

Highly recommend. 🍀😘❤️

🇩🇪 German government puts out press release covering their "market-friendly sale" of 49,858 #Bitcoin.

It states, "the sale of assets even before the conclusion of ongoing criminal proceedings is always legally required if there is a threat of a significant loss in value of about ten percent or more. These conditions were always met with the volatile Bitcoins due to the enormous and extremely fast price fluctuations."

"From the beginning, less than one percent of the market volume of Bitcoins was regularly traded over 90 percent over the counter in a market-friendly manner. On this scale, there is no direct influence on the Bitcoin price."

BlackRock bought 1,600 #Bitcoin yesterday

They bought 18,600 #Bitcoin since the beginning of July

Only 8,100 new $BTC were mined

#Altcoins
Markup preparatory mode after the shakeout.

Send it higher

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Mass disruption to payment systems in different parts of the world including Australia
Australian government calls emergency meeting due to global IT outage - ABC

Major banks, media and airlines affected by major IT outage.

#Bitcoin not affected