🗓Daily Market Brief - 11 Jun 26
■ $BTC remains rangebound amid CPI and Iran headlines. As of now, $BTC is trading at $61,501 and $ETH is trading at $1,621. Bitcoin dominance stands at 58.92%.
■ U.S. CPI rose 0.5% in May, pushing annual inflation to 4.2%, the highest level in three years, largely driven by energy prices, which rose 3.9% on the month and 23.5% from a year ago. However, core CPI, which excludes food and energy, increased just 0.2% on the month and 2.9% annually, suggesting underlying inflation pressures remain relatively contained despite the headline surge.
■ A few other headlines include: Raydium says a $1.34 million exploit impacted a retired AMM program and that its treasury will cover user losses and the CFTC is set to propose expansive prediction market rules that would allow sports and election wagering.
■ During the last 24 hours, the top three gainers were $VELVET, $BEAT, and $HASH, while the top three losers were $B, $LAB, and $SIREN.
Full Report: https://www.prestolabs.io/research/daily-market-brief-260611
