3 min read


Bitcoin's bounce before 30k seems to have frontrun quite a lot of bids, and with bullish news, looks like some people might get left behind?

Consumer price data came out of the US yesterday, showing a jump of 5% in May, the fastest pace since August 2008. However, the rise in inflation is still being seen as insufficient for the Feds to change their monetary stance. As a result, it seems investors have calmed, the risk-on appetite continues, and stocks rallied.

Surely the feds have to react at some point, right? The question is when… meanwhile BTC bounced before 30k, Texas is letting banks hold BTC for clients and Michael Saylor will buy bigly next week. Not going to lie… does feel like the bottom is in but its hard to get a read!

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  • IMF: Looks like the central banks are scared of countries adopting Bitcoin as legal tender as IMF states they have a legal economic issue with El Salvador’s BTC adoption.
  • Reddit: Co-founder and billionaire Alexis Ohanian stated in an interview with CNBC that he holds A Lot of Ethereum.
  • WazirX: The Binance owned exchange in India is reportedly being investigated for anti-money laundering failings and is being accused of lax KYC verifications.

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