FameEX Morning Crypto News Recap | June 11, 2025
2025-06-11 04:38:21U.S. and Mexico Close to Agreement on Ending 50% Steel Tariff
The U.S. and Mexico are nearing a deal to scrap Trump’s 50% steel tariff, replacing it with an import cap tied to historical trade volumes.
India and U.S. Likely to Reach Interim Trade Agreement
On June 10, Indian officials indicated that India and the U.S. may reach a temporary trade deal by the end of June. Future negotiations will tackle complex issues, targeting a first-phase agreement by September or October.
Bitcoin Activity Drops to 18-Month Low as CEX Volume Reaches 4.5-Year Low
On June 10, CryptoQuant reported Bitcoin network activity dropped to 3.47k, a 1.5-year low. Retail demand declined over 5%, with fewer small transactions. CEX spot trading volume also fell to a 4.5-year low, matching October 2020 levels.
Goldman Sachs Sees Mild Tariff Impact on May CPI, Projects 3.5% Core Inflation by Year-End
On June 10, Goldman Sachs economists projected tariffs will slightly impact May’s CPI, raising U.S. goods prices. They expect core CPI inflation to reach 3.5% by year-end, up from April’s 2.8%.
Greeks.live: Crypto Community Grows Concerned Over Potential Market Downturn
Greeks.live noted a mixed, slightly bearish sentiment in the crypto market, with Bitcoin hitting resistance near $106,000 last weekend. Investors are increasingly concerned about downside risks and possible spillover from traditional market volatility affecting the future direction of cryptocurrencies.
Number of Public Companies Holding Bitcoin Reserves Reaches 126
BitcoinTreasuries.net reports that 126 public companies now hold Bitcoin as reserves, up by 22 in the past month—a 3.25% increase. Together, these firms hold approximately 819,000 Bitcoins.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.