US Inflation Data

Crypto markets remained subdued ahead of US inflation data, with Bitcoin holding near $83.4K and the total market value slipping slightly to $2.80T. Basic Attention Token stood out after a sharp rally, while broader altcoin breadth remained weak.

Gold and silver remain under pressure as higher Treasury yields and a stronger US dollar offset support from Middle East tensions. Traders are watching whether gold can hold $4,200 and whether silver can defend $60 ahead of US inflation and jobs data.

GBP/USD traded around a key support zone after climbing to 1.3545, with traders balancing rising energy prices, elevated bond yields and upcoming economic data. Technical traders are watching whether the pair can extend toward 1.3675 or break lower toward 1.3400.

Bitcoin’s BIP 110 episode has become a live demonstration of permissionless market choice, with the forked chain stalling after two blocks while the original network continued without disruption. BTC remains near $65,000 as traders watch consolidation signals and await US inflation data that could shape the next move.

The Dow Jones has climbed into record territory as softer June employment data eased expectations for near-term Federal Reserve tightening. The next phase of the rally may depend on 2Q earnings, inflation signals, Treasury yields, and whether corporate guidance can justify elevated valuations.