Crypto

U.S. producer price cooling triggers heavy XRP short liquidations, liquidation gap at 331 percent

U.S. June producer prices came in below expectations, sparking a jump in XRP short-position liquidations and a 331 percent liquidation imbalance over 24 hours. Monthly PPI fell 0.3 percent, while annual inflation eased to 5.5 percent, helping ease concerns about Federal Reserve tightening and pushing the dollar index down to 100.562. Bitcoin and ether rose, and XRP broke several resistance levels. CoinGlass data showed $2.56 million in XRP shorts were liquidated versus $593,260 in longs.

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.