market data
market news
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3% on a yearly basis in June from 4% in May, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in slightly below the market expectation of 3.1%.
Google Play eases restrictions on blockchain apps. Google will now permit apps and games that allow users to buy, sell and earn digital assets like NFTs. Hoping to support the needs and ambitions of developers, the company said Google Play, where Android smartphone users download their apps, will now allow its partners to expand the number and scale of their blockchain-based offerings.
Around 9,800 Silk Road bitcoin starts moving in unconfirmed transactions. The U.S. government seized over 50,000 bitcoin in November 2022 from James Zhong, who pleaded guilty to wire fraud over the hack of the same amount of bitcoin from Silk Road in 2012. In March, the U.S. government sold 9,861 bitcoin and said it planned to sell the remaining bitcoin in four more batches throughout the year. The U.S. government appears to have been selling its bitcoin on Coinbase, an exchange that the SEC claims is an unregistered securities exchange.
around the (crypto) twitterverse…
trade ideas
trade: long AUD/ USD
After the bullish CPI results out of the US we are seeing the USD weaken to most currency pairs. The AUD has been strengthening significantly and you could look to play the breakout play above resistance at ~ .68. Possible price to target are local highs at .715 while cutting the trade if it is unable to break out and there is acceptance below the resistance level.
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