Welcome back to your Proactive Crypto Report with Natalie Stoberman!
In this episode, we dive into the three-week-long Bitcoin trading between $30K and $31K, accompanied by three-month lows in trading volume according to the Binance order book.
As the crypto market keeps a close watch on North America, recent developments are catching attention. On one hand, the U.S. Consumer Price Index for June dropped to 3%, lower than May’s 4% and below analysts’ expectations. This marks the slowest rate of inflation since March 2021.
On the other hand, the Bank of Canada has raised interest rates to 5%, the 10th hike since March 2022, and the first time reaching this rate since April 2001.
Despite these updates, the crypto markets remain steady. Share your thoughts in the comments on how these factors may impact the market. Thanks for watching, and stay tuned for more updates!
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