JUN 10, 2021 • 3 Min Read
Today’s been more choppy than usual with BTC trading between a 5% range from its current low and high. Overall, sentiment in crypto is looking much better than last week after Tuesday’s dip and yesterday’s 12% daily candle. Inflation expectations for the United States came in slighty above expectations at 5%.
A rundown of today’s CPI data.
CPI (YOY) rises 5.0% vs. 4.7% expected.
Core CPI (YOY) up 3.8% vs. 3.5% expected.
S&P futures slipping a little on the news https://t.co/GCpQ3slHLX pic.twitter.com/PGZ6d2jOOE
— Joe Weisenthal (@TheStalwart) June 10, 2021
Crypto is coming to 401Ks.
*Coinbase Teams Up With 401(k) Provider to Offer Crypto
*Workers at Participating Companies Could Invest Up to 5% of Their Account Balances in Crypto$COIN
— *Walter Bloomberg (@DeItaone) June 10, 2021
India may be set to reverse its stance on crypto.
India has moved away from its position of banning the cryptocurrencies and is likely to classify #Bitcoin as an asset class which will be monitored by SEBI.
Our Exclusive @IndiatechO@NischalShetty@IAMAIForumhttps://t.co/HdWsExCQmV pic.twitter.com/e45REgi22J
— Bismah Malik (@bismahmalik) June 10, 2021