*Crypto News Today - June 13th, 2024* ๐
Welcome to โCrypto News Today,โ your daily roundup of the most significant happenings in the Crypto Industry. Here are the latest happenings in the crypto and other financial space today, June 13, 2024, that affect the crypto market:
- *US CPI Remains Flat in May, Bitcoin Rises* ๐
Mayโs U.S. Consumer Price Index (CPI) remained flat, defying expectations. This surprising stability has positively influenced the market, with Bitcoin climbing to $69,200, demonstrating its sensitivity to economic indicators and investor sentiment.
- *Trump Advocates for Domestic Bitcoin Production* ๐บ๐ธ
Former President Donald Trump has called for all remaining Bitcoin to be mined within the United States. This initiative aims to strengthen the U.S. position in the global cryptocurrency market and retain economic benefits domestically, promoting national security and economic stability.
- *Crypto and AI Could Add $20 Trillion to Global GDP* ๐ค
A recent report suggests that the integration of cryptocurrency and artificial intelligence could potentially add $20 trillion to the global GDP. This projection is based on the idea that AI can enhance the efficiency and security of crypto transactions.
- *Ethereum ETFs and Meme Tokens Transform Crypto Markets* ๐คฏ
The SEC's unexpected approval of a rule change that could soon allow Ethereum exchange-traded funds (ETFs) to launch has reignited interest in various meme tokens across different blockchain networks. This decision has shifted market dynamics, and investors are holding onto their Ether, anticipating further price increases.
- *Liquidations in the Crypto Market* โ ๏ธ
The cryptocurrency markets have experienced significant ups and downs, leading to forced sales of almost $400 million. Bitcoin reached a peak of $70,000 on Tuesday, then dropped to $67,330.33, following indications from the Federal Reserve about potential interest rate increases.
Stay up to date with the latest developments in the crypto and financial space! ๐
