EUR/USD eyes a bullish reversal while USD/JPY stalls. CHF strengthening. Crypto bearish [Video]
Author

Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
Author

Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
Bitcoin has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war. With risk-loving investors increasingly looking at AI-related stocks and with no visible catalysts ahead, Bitcoin enters the second half of the year facing a crucial question: can it rebuild demand or will the correction deepen?
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.