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U.S. CPI Falls to 3.5% in June; Bitcoins Rebound to Nearly $64,000
Svmuu News: U.S. CPI for June fell to 3.5% year-over-year, below market expectations of 3.8% and down from 4.2% in May.Following the release of the data, the Bitcoin rebounded intraday to nearly $64,000, while S&P 500 and Nasdaq futures rose in early trading. Gold and silver also rose in tandem, with silver climbing about 2%. This came after Donald Trump announced the resumption of a maritime blockade of Iranian ports,the S&P 500 fell 0.79% to 7,515.34 on Monday, Bitcoin briefly dropped to nearly $61,700, WTI crude oil closed at $79 per barrel, and Brent crude oil closed above $83.Federal Reserve Chairman Kevin Warsh is scheduled to testify before Congress on Tuesday and Wednesday, and the Fed’s next policy decision is set for July 29. (Bitcoin.com News).
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