Inflation on, fear off

By: Miguel A. Rodriguez

10:44, 11 June 2021

Bank rules push bitcoin, not blockchain, to fringe.
  • #Stocks on Wall Street hit a record high and core government debt was steady as investors brushed aside the biggest jump in US inflation since the financial crisis.
  • The Basel Committee on Banking Supervision has weighed in on #cryptocurrencies. Punitive new proposals from the standard-setting body may ensure bitcoin remains in the fringes of regulated finance.
  • The dollar hovered near a five-month low versus major peers as investors looked to U.S. inflation data and a European Central Bank meeting later in the day to provide a spur for lacklustre #currency markets.

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