Bitcoin price spikes above $64k on CPI relief: can it break $65k and reach new highs?

Bitcoin’s price spiked above $64,000 in early trading on Wednesday after the latest U.S. CPI report fell in line with expectations, boosting hopes for an interest rate cut.Nationwide gold & silver tax cuts: 13 states scrap capital gains, Fed on high alert – Jp Cortez

- In the US, legislation is being reshaped by a combination of state and federal efforts aiming to revise the taxation and legal tender status of gold and silver. - Manufacturing activity in the New York region showed continued weakness this month even as inflation pressures eased, according to the latest figures published by the New York Federal Reserve.The regional central bank said on Wednesday that its Empire State manufacturing survey declined to -15.6 in May, after coming in at -14.

- Gold has hit several all-time highs this year, but the metal has further to go, said Simon Marcotte, president and CEO of Northern Superior Resources.'I don't even think this is the first inning' - gold prices to run even higher says Simone Marcotte - The gold market is rallying after the latest data showed American consumers’ spending growth ground to a halt in April.

- Northern Europe is a great place to build a mine, said Taj Singh, president and CEO of First Nordic Metals.Western gold investors watching the Fed while Chinese demand dominates the market - Natixis’ Dahdah - The gold market has been holding significant gains since the start of the year, but the momentum behind the bullish drive has dried up as investors once again focus on the Federal Reserve’s monetary policy.Cryptocurrencies continue to see choppy post-halving price action with little change in the overall picture while the return of meme stock frenzy has enthralled investors, with GameStop gaining 60% on Tuesday.

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