Bullish traders are eyeing the upcoming U.S. July Consumer Price Index report for signs of continued inflation trends, with expectations set at a 0.2% monthly increase and a 3.3% year-over-year growth. In the backdrop is the Federal Reserve’s historical monetary tightening and subsequent market anticipation of rate cuts, which have historically been intertwined with bitcoin’s recent price fluctuations.
U.S. Senate Votes to Kill SEC’s Crypto Accounting Policy, Testing Biden’s Veto Threat
"It is clear there is overwhelming opposition to SAB 121, and I urge President Joe Biden to reconsider his previous...