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Crypto

Crypto industry to contribute $55 billion to U.S. economy, report says

The U.S. cryptocurrency industry employs about 34,000 people directly but is expected to contribute $55 billion to the U.S. economy in 2026, an analysis found. A report by the National Cryptocurrency Association and Pragmatic Policy Group put total supported jobs, including indirect and induced employment, at 232,000. It said average crypto pay is $133,000, above U.S. median wages. California, New York and Texas account for 60 percent of crypto jobs.

Crypto

Caution persists despite bitcoin strength, focus on $65,600 and $67,200 zones

Bitcoin briefly rose to $65,500, its highest level in three weeks, supported by a slowdown in the U.S. producer price index and inflation data that came in below expectations for a second day. Some observers said the figures could lift stocks and further lower expectations of future rate increases. Still, traders and analysts flagged near-term technical resistance around $65,600 and $67,200 and warned of potential pullbacks.

Crypto

Oil prices ease but gasoline inflation lingers; July U.S. CPI seen as turning point for bitcoin

Bitcoin has recovered to around $63,500 on slower U.S. job growth and a weaker dollar, but analysts see gasoline prices as the key variable for further gains. Markets are watching the June U.S. CPI due on July 14. Oil prices have fallen back toward pre-war levels, but gasoline futures and pump prices remain elevated. Fed messaging is mixed, and Citi cut targets while citing ETF outflows.