#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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🔥Headline CPI and Core CPI both decrease more than expected - market reacts in opposite directions:
🔸CPI data for June shows that both goods and services prices have decreased (goods prices have experienced the sharpest decline in the past 20 years).
🔸The growth of housing (shelter) - the largest contributor to the CPI increase, also decreased sharply, falling to the lowest level since 2021. This has led to a sharp decline in the CPI.
🔸Lower-than-expected CPI has raised expectations of over 90% interest rate cuts in September. Both 10Y bond yield and DXY are plunging after the news. Everything looks beautiful, but strangely, the stock market is also declining.
🔸The bigtech team (NVDA, MSFT, GOOG, AMZN, META, AAPL) with large market capitalization have all broken, dragging down the overall index. However, the entire market fundamentally remains stable, without wholesale selling, real estate stocks are still pulling strongly.