THIS IS BAD.
The odds of a Fed rate hike in 2026 have spiked to almost 70% after today's PPI data.
A few months ago, we were all hoping for rate cuts, and now rate hikes are back on the menu.
BREAKING: The European Central Bank officially hikes interest rates by 25 basis points, citing renewed inflation amid the Iran War.
This marks the first major central bank interest rate hike since 2023.
Rate hikes are officially back.
If Bitcoin doesn't go below 60k then it will not make a new all-time high next cycle
The lower it goes in the bear the higher it will go in the bull
Few.
BREAKING: May CPI inflation rises to 4.2%, the highest level since April 2023.
Core CPI inflation also rises to 2.9%, the highest since September 2025.
Inflation in the US is officially back above 4% and more than double the Fed's target.
Odds of Fed rate hikes are rising.
π¨JUST IN: BITCOIN L2 BOTANIX IS SHUTTING DOWN
Botanix is winding down its Bitcoin Layer 2 network and urging users to withdraw assets before July 9.
The project said users mostly stored assets long term, limiting transactions and fee revenue.
It also cited weak token launches, demand moving to wrapped Bitcoin on Ethereum networks, and users choosing CEXs for convenience over decentralization.
Tom Lee(@fundstrat)'s #Bitmine bought another 75,000 $ETH($123M) from #Kraken and #FalconX over the past 8 hours.
https://t.co/Bkmr0gUHrR
https://t.co/0fAL6xNayT
https://t.co/UxPXIKb9Xs