Crypto steadies as Middle East tensions counter U.S. inflation report boost
Bitcoin held steady at a three-week high as rising tensions between the U.S. and Iran reined in gains from Tuesday’s softer-than-expected inflation numbers.
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Summary
- Bitcoin held near a three-week high and ether steadied around its highest since June 3 as U.S.-Iran hostilities capped gains from a softer-than-expected U.S. inflation report on Tuesday.
- HYPE rose 4% and is targeting a new record above $78, supported by a trend of higher highs and higher lows since May. Rival LIT stalled as profit-taking set in near its all-time high of $2.76.
- CoinMarketCap’s Altcoin Season indicator slipped to 46/100 as strength concentrated in the majors rather than spreading across the broader market.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
