News

The 52-week correlation between Bitcoin price and the USD/JPY exchange rate has reached -0.90.

```htmlGolden Ten Data reported on June 30 that crude oil is highly likely to end this month with a decline. Investors are closely watching potential talks between the US and Iran in Doha, against the backdrop of a still fragile ceasefire agreement. As of 06:53 in GMT+8, the soon-to-expire Brent August crude oil futures fell by 1%, about $20 lower than last month's closing price, a drop of around 22%. The more actively traded September contract fell by 0.6%. KCM Trade Chief Market Analyst Tim Waterer stated that investors are pricing in positive outcomes from the Doha negotiations, even though transit through the Strait of Hormuz has not fully returned to normal. The market holds a cautiously optimistic attitude, but is still hedging on both sides until more definitive signs of easing are seen.```

The Goldman Sachs commodities team predicts that oil prices will reach $80 per barrel in the fourth quarter this year, as facilities in the Gulf region and Russia suffer damages, and refinery margins remain elevated. The Federal Reserve has given a hawkish signal, and Goldman Sachs expects this to support the US dollar returning to near its March highs. Most parts of Asia still have controllable inflation, and technology spending continues to be a core driving factor for several economies and markets in the region.