In our last Bitcoin outlook, we concluded that “Bitcoin remains in a downtrend off the October 2025 high” and that “For now, there’s no evidence that the current downtrend is ending yet.” Despite some fits and starts, including a bounce above $80K by mid-May, that forecast has proven correct. The key question for crypto traders now is when (and perhaps more ...

The Federal Reserve's preferred inflation gauge showed prices heated up to the highest level in three years, likely keeping the central bank holding interest rates steady with an eye toward hiking if inflation doesn't dissipate. The Personal Consumption Expenditures index rose 4.1% in May, in line with expectations, and up from 3.8% in April. Month over ...

Moments after the cash market opened, bitcoin plunged almost $3,000 in a matter of seconds to $58,000, on no news, sending the price to the lowest level since Sept 2024. This was a strange move for bitcoin because while stocks do tend to move rapidly at cash open as that's when options restart trading (as we have noted, in recent months most investors are ...

Thai authorities have issued an arrest warrant for Chinese businessman Wang Yicheng over his alleged role in a network tied to illegal crypto mining operations that authorities say illicitly used about $28 million worth of electricity, according to Reuters. Police Major Woranan Srilam, a spokesperson for the Department of Special Investigation (DSI), said ...

*IRAN PROPOSES CHARGING FEES IN HORMUZ WITH GULF NEIGHBORS: WSJ *IRAN ESTIMATES $40B A YEAR IN REVENUE FROM HORMUZ: WSJ IRAN PITCHED PLAN TO CHARGE IN STRAIT AS FAR AS BEIJING - WSJ TEHRAN PITCHING IDEA TO THE MIDDLE EAST AND BEIJING - WSJ ANY SERVICE FEES LEVIED BY IRAN WOULD NEED OK BY IMO - WSJ

Bitcoin futures tumbled Thursday to as low as $58,995, the lowest price since October 2024, bringing its drawdown from last year’s high to about 52 percent. The biggest cryptocurrency has been battling with the $60,000 level all year - first in February, where it found support, then again the first two weeks of June, before a pop to over $67,000. Options ...

Fed’s Cook Ruling Likely Next Week As SCOTUS Finishes Opinions Supreme Court: Monday will be the next opinion day

The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The reading matched economists' forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an ...

US inflation increased further in May, breaking above 4.0 percent for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1 percent in the 12 months through May, the largest increase ...

Durable Goods Orders in the United States (US) declined by 4.5%, or $15.6 billion, in May to $332.1 billion, the US Census Bureau reported on Thursday. This reading followed the 8.5% increase recorded in April and came in line with the market expectation. "Excluding transportation, new orders increased 1.3 percent," the press releases noted. "Excluding ...

Personal income increased $181.6 billion (0.7 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $164.9 billion (0.7 percent), and personal consumption expenditures (PCE) increased $156.1 billion (0.7 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $159.9 billion in May. Personal saving was $704.2 billion in May, and the personal saving rate—personal saving as a percentage of DPI—was 3.0 percent. The increase in current-dollar personal income in May primarily reflected increases in farm proprietors’ income and compensation. The $156.1 billion increase in current-dollar PCE in May reflected increases of $94.3 billion in spending on services and $61.8 billion in spending on goods. Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows The Federal Reserve’s primary price gauge rose at its highest core level since 2023, reinforcing the central bank’s recent tough talk on inflation. The personal consumption expenditures price index showed inflation running at a seasonally adjusted 4.1% annual rate, the highest since April 2023, according to a Commerce Department report Thursday. On a monthly basis, PCE accelerated 0.4%. The annual level was in line with the Dow Jones consensus estimate while the monthly reading was 0.1 percentage point below. Stripping out food and energy, core PCE showed a 3.4% annual rate after rising 0.3% for the month, both in line with consensus. The core reading was the highest since October 2023. Core PCE was 0.32% in May, on the low side of expectations but still the fourth highest monthly print in the last 12 months (3.9% annualized) The 12-month change, at 3.4%, is the highest reading since Oct. 2023. The 6-month annualized rate is above 4%. pic.twitter.com/Y5lHnFzbBM

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026 (January, February, and March), according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent. Real GDP was revised up 0.5 percentage point from the second estimate, ...