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As a peace agreement between ABD and Iran is expected to be signed soon, Bitcoin rose by 3.73%. Bitcoin maintained its price above the 200-week moving average, but trading volume remained relatively low as part of the market awaited confirmation of the new Fed monetary policy led by Warsh on Thursday.
Macro Outlook: Acceptable Inflation Rate
ABD and Iran announced that an agreement has been reached and that the terms will be signed in Switzerland on June 19. The agreement is expected to include a 60-day extension of the ceasefire, further technical discussions about Iran's nuclear program, the reopening of the Strait of Hormuz, and the lifting of sanctions on Iran.
US inflation rose to 4.2% in May, reaching its highest level since April 2023, and remained in line with market expectations. This represents the third consecutive monthly increase in headline inflation. However, core inflation increased by 0.2% in May, slightly below the market expectation of 0.3%, indicating that prices excluding food and energy remained relatively stable.
The US Producer Price Index (PPI) showed a similar trend. The headline PPI increased by 6.5% in May, slightly above the market expectation of 6.4%; the core PPI remained at 4.9% in April, below the 5.4% forecast. The probability of interest rate hikes by the end of the year dropped from 78.4% to 48.7%.
The European Central Bank announced that it will raise interest rates for the first time in 2026 by 25 basis points, citing the resurgence of inflation risks due to rising energy costs.
Symbol Unlocking
KAT token will be available on June 18, representing 11.8% of the token supply.
ZRO token will be available on June 20, representing 10.2% of the token supply.
KAITO token will be available on June 20, representing 7.29% of the token supply.
LISTA token will be available on June 20, representing 8.71% of the token supply.
AVNT token will be available on June 23, representing 7.22% of the token supply.
H token will be available on June 25, representing 14.8% of the token supply.
XPL token will be available on June 25, representing 4.94% of the token supply.
TAKE token will be available on June 25, representing 7.15% of the token supply.
SAHARA token will be available on June 26, representing 30.9% of the token supply.
WCT token will be available on June 26, representing 9.01% of the token supply.
RESOLV token will be available on June 27, representing 21.6% of the token supply.