Bitcoin recovered the $63,400 level despite a rise in the U.S. producer price index and reports that Iran temporarily closed the Strait of Hormuz. BTC/USD rose as high as $63,200 on Bitstamp, up more than 2.5 percent on the day, Cointelegraph reported. Oil prices climbed, with WTI topping $91 a barrel. U.S. data showed May core final demand prices up 5.1 percent year on year and CPI up 4.2 percent.

Caution is growing over expectations that a change in Japan\'s monetary policy will immediately trigger a sharp rise in XRP in July. XRP community analyst Eri said talk of an outsized unwinding of yen carry trades has been overstated and that the Bank of Japan\'s rate path has been gradual and predictable. Eri also cited liquidity constraints on the XRP Ledger and the continued dominance of USDT and USDC in international settlement flows.