2m ago
Why Is the Crypto Market Up Today, July 2, 2026? Short Squeezes and Macro Relief Reclaim the $2.09 Trillion Floor
The global cryptocurrency market cap outperformed intermediate distribution models over the past 24 hours, lifting total market capitalization to a constructive recovery phase at a $2.09 trillion threshold. This aggressive directional shift allowed Bitcoin (BTC) to win a gritty battle to reclaim the psychological $60,000 baseline, printing low-timeframe cyclical highs up to $60,424 after checking local exhaustion points.
2m ago
35m ago
Iran’s floating oil stockpile grows as buyers hold off ahead of a 60-day U.S. waiver deadline
Iran’s offshore floating oil inventories are continuing to rise as major buyers avoid purchases ahead of the expiration of a 60day temporary waiver granted by Washington. The window was set unilaterally by the U.S., with no public sign it will be extended. The development points to mounting constraints on Iran’s effective crude exports. That, in turn, amounts to a quieter tightening pressure on global oil supply.
35m ago
43m ago
Indian rupee opens 32 paise higher at 94.93 per dollar as Brent slips toward $71 a barrel
On July 2, the Indian rupee opened 32 paise stronger at 94.93 per dollar, marking a three-week high, as Brent crude fell to around $71 a barrel. The pullback in oil followed reported progress in U.S.-Iran talks, with attention on shipping security in the Strait of Hormuz. The dollar index hovered near 101.1, while higher U.S. Treasury yields limited the rupee’s rebound. Markets are awaiting payrolls data later in the day for direction.
43m ago
51m ago
MCX gold August slips 0.21% to ₹1,44,124 per 10 grams; silver September rises 0.54% to ₹2,31,630 per kg
MCX gold August contracts slipped 0.21% to ₹1,44,124 per 10 grams in early trade, while MCX silver September contracts rose 0.54% to ₹2,31,630 per kg. The moves followed US data showing ADP private payrolls increased by 98,000 in June, below the 1,18,000 economists expected, and came alongside Federal Reserve officials’ remarks that inflation risks had eased. The dollar index held above 101, weighing on bullion demand for buyers using overseas currencies.
51m ago
59m ago
China government bond futures post modest morning gains, 10-year contract up 0.07%
China’s government bond futures rose across the board in the morning session. The 2-year (TS) gained 0.02%, the 5-year (TF) climbed 0.06%, the 10-year (T) rose 0.07% and the 30-year (TL) added 0.06%. The move reflects stronger expectations among traders for further domestic monetary easing or a ramp-up in fiscal support. Those expectations align with downward pressure on China’s medium- and long-term government bond yields and are viewed as an intraday trading signal in the rates market.
59m ago
1h ago
Weakening yen and resilient activity strengthen BOJ case for an earlier rate hike
Japan’s solid economic activity and a steadily weakening yen are strengthening the Bank of Japan’s case for considering an earlier interest-rate hike, Bloomberg reported. The yen’s slide is adding to imported inflation pressures. The report said the depreciation trend risks pushing inflation above the BOJ’s 2% target. That dynamic is seen as a key factor for the yen and Japanese equities, with potential profit pressure for export-reliant companies.
1h ago