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The tension is set to peak as the Consumer Price Index (CPI) inflation data for June is released today. Last month, May’s CPI came in at 2.4%, a slight uptick from April. Now, the experts, with their crystal balls and spreadsheets, predict that June’s CPI might rise to 2.6%. However, if inflation surprises to the downside, falling below 2.4%, it could give the Federal Reserve the green light to cut interest rates sooner. Lower interest rates, you see, would likely pump more liquidity into the markets, giving a strong boost to risk assets like cryptocurrencies. 📈

This meteoric rise—like a champagne cork shooting into the stratosphere—marks its highest price since the long-lost era of January. But hold onto your hats, dear readers, for a $20 million token unlock is looming on the horizon like a particularly uninvited guest at a dinner party, ready to test the resilience of this rising star. ⭐️💸

Solana had a glorious moment of rising above that pesky $160 resistance and danced higher, just like Bitcoin and Ethereum. It even flirted with $162, entering a short-term positive zone—until someone reminded it about the $168 hurdle. Yikes! 😱

Перед этим прорывом было почти два месяца стабильности, которые сейчас кажутся “древней историей”, – сказала основатель и управляющий партнер Fairlead Strategies Кэти Стоктон в интервью CNBC в понедельник. Она утверждает, что компания создает “проекции измеренного движения” из прорывов и, предполагая, что предыдущая тенденция продолжается перед любой корректирующей фазой:

As we speak, Bitcoin has rallied by a whopping 10% from the $109k zone, locking in five straight higher highs this week. And, oh boy, did it hit a wick of $122,056 before taking a slight tumble! 💸 That’s what we call a strong underlying bid support, if I do say so myself.

The central duty to monitor the crypto market has been accorded to the Hungarian National Bank. Now, all those who wish to run a crypto service in Hungary will be required to apply to the National Bank for a special license. But there is a large issue. The instructions on how to obtain this license are not clear yet. This has baffled most businesspeople and made them concerned about the future.

In case you’re not up to speed on your crypto jargon, USDT is a stablecoin that’s pegged to the US dollar. It’s like having a digital version of cash that you can use on the blockchain. And Tron has been minting these babies like there’s no tomorrow. In fact, the total amount of USDT issued on the network has surpassed $80 billion, marking a new milestone for the blockchain.

Bitfinex analysts have delved into the madness, claiming that Bitcoin’s jaw-dropping 12.3% surge from January’s peak is due to the chaotic bidding frenzy from short-term holders and colossal institutional inflows. This isn’t just a spike; it’s a full-on rocket to the moon, fueled by optimism and some very deep pockets. 🚀

As the market’s risk appetite returns, Solana has logged one of its most impressive institutional weeks on record, pulling in a cool $92.6 million in net inflows, according to CoinShares data shared by SolanaFloor. Bitcoin, predictably, led the charge with a whopping $2.7 billion, but Solana’s performance places it in a league of its own, far above the usual suspects. 🏆

The mighty CoinMarketCap data reveals the unmistakable truth: Bitcoin’s price is on fire, and the institutions are stoking the flames. A recent Blockware report showed that the price surge is all thanks to massive institutional accumulation. Apparently, 36 companies are gearing up to add BTC to their treasuries by the end of this year. You’d think these would be the big, flashy corporations, right? Well, guess again! The report humorously notes that the BTC adoption race is actually being led by “brand new companies or dying companies.” Oh, the irony. These companies, often struggling for relevance, have figured out that investing in BTC is an easy ticket to earning yields. Genius, right?