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Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
- 07:06Analysis: Core PCE is expected to cool down, the Federal Reserve may cut interest rates by 25 basis points at the June meetingAmeriprise Financial's Chief Economist Russell Price predicts that the overall PCE will increase by 0.3% in December, and the core PCE will increase by 0.2%, which is consistent with general market estimates. Economists generally predict that the month-on-month growth rate of core PCE inflation (excluding volatile food and energy prices) will accelerate by 0.2%, and the year-on-year growth rate will remain at 2.8%. Russell Price believes that maintaining a pause is a very rational and reasonable view, predicting that the Federal Reserve will cut interest rates by 25 basis points at its June meeting.
- 07:01Apple CEO Cook: DeepSeek's large model is an innovation that improves efficiencyDuring the Apple earnings call, Cook was asked about his views on future iPhone models in terms of form innovation. Usually, he would refuse to reveal information about future products, but this time he gave an encouraging answer. Cook said: "I think there is still a lot to come, the innovation of the iPhone is far from over, and smartphones still have a lot of room for innovation. I am extremely optimistic about our product line." An analyst mentioned DeepSeek, a large model deeply explored by currently hot Chinese companies. Cook believes that DeepSeek's artificial intelligence model represents "innovation driving efficiency". "Overall," he said, "I think innovation driving efficiency is a good thing."
- 07:00The total market value of the AI agency sector tokens has fallen below 10 billion US dollarsAccording to CoinGecko data, the total market value of AI agency sector tokens is temporarily reported at 9.68 billion US dollars, with a 24-hour decline of 0.8%, and a 24-hour trading volume reaching 1.231 billion US dollars.