The new consolidation boundaries for bitcoin:native have been defined. We now have two clean sets of data supporting the same concept: accumulation before the next major move. The new Fed rhetoric suggests that we are likely facing at least two more rate hikes this year, which does not align particularly well with a sustained rally in risk assets. And that tells us one thing: As long as the rhetoric remains unchanged, and there is no clear signal of market stimulus or a new round of monetary expansion, the environment remains restrictive for risk-taking. A new wave of liquidity injections and money printing will likely come only after one of those future rate hikes forces a response from policymakers. Therefore, unless we see a significant economic shock—such as a breakdown of the agreement between Iran and the United States—price is likely to continue trading within this range for the time being.

JD Vance ends his press conference by turning on Israel: "What does bother me is you've seen people in Bibi's cabinet who have come out and attacked the deal and in some ways very personally attacked the president. My message to them is Donald J Trump is the only head in the state in the entire world who is sympathetic to the nation of Israel at this moment in time."

Naomi Klein: "Labour is sending lots of messages that very little is going to change ... hearing from your leader about fiscal rules and sounding like Margaret Thatcher on running a govt like a household, which is ridiculous, is going to set the table for a far right comeback."