The CPI Rally: A Forensic Analysis of the July 11 Bitcoin Surge
On July 11, 2024, the U.S. Bureau of Labor Statistics released June CPI data:...
Improves data availability sampling efficiency
Team and early investor shares released
Block reward reduced to 3.125 BTC
Circulating supply increases by about 2%
92 million ARB released
Raises validator limit and account abstraction
Block reward halving event
Independent validator client goes live on mainnet
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Extreme Fear
Market Sentiment
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,878.6 |
| 1 |
Ethereum
ETH
|
$1,921.94 |
| 1 |
Solana
SOL
|
$77.62 |
| 1 |
BNB Chain
BNB
|
$581.2 |
| 1 |
XRP Ledger
XRP
|
$1.12 |
| 1 |
Dogecoin
DOGE
|
$0.0741 |
| 1 |
Cardano
ADA
|
$0.1652 |
| 1 |
Avalanche
AVAX
|
$6.69 |
| 1 |
Polkadot
DOT
|
$0.8475 |
| 1 |
Chainlink
LINK
|
$8.55 |