🆕24h crypto market news

⏰Thursday, June 13, 2024

♨️Overview: The results of CPI and Core CPI combined with the dovish tone of the FED program made the market optimistic, which is a good signal for the FED to consider lowering interest rates soon in the next FOMC meetings. This result also pushed the expectation that the FED will reduce interest rates at its September meeting to 61%.

♨️ETF Update:

▪️Today: ARKB +126 I BITB +215 I HOLD +172 => Total +514

▪️Yesterday: GGBTC -1.74K I ARKB -812 I BITB -168 I HOLD -56 I FBTC -106 I=> Total -2.88K

♨️Focus:

▪️CPI: This period 3.3% I Expectation 3.4% I Last period 3.4%

▪️Core CPI: This period 3.4% I Expectation 3.5% I Last period 3.6%

▪️FOMC Update: Remain unchanged. It is forecasted that there will be 5 rate reductions from now until the end of 2025

🍁Strongest increase/decrease:

- $LPT (+25%)     - $AKT (-11%)

- $INJ (+14%)   - $FLOKI (-8%)

- $NOT (+14%)     - $GNO (-0.29%)

🍁Hot News:

- BNB Chain launches Chapter 3 of the Airdrop Alliance program👉BNB Chain

- Trump continues to support crypto when pledging to protect miners👉Bloomberg

- Terraform Labs agrees to pay $4.47B in SEC lawsuit👉Bloomberg