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Inflation in Canada picked up in June for the first time in four months, while underlying price pressures also intensified, prompting the country's central bank to hold off on cutting interest rates later this month, Bloomberg reported.

Canary Capital CEO Stephen McLurg predicts that XRP exchange-traded funds (ETFs) may outperform Ethereum and Solana ETFs in terms of returns. He cited XRP's unique legal status and reliable payment functionality as key advantages.

Concerns about unemployment and rising utility bills are prompting British people to save more. Meanwhile, the country's economic growth is being held back by savings rates, which remain much higher than before the pandemic.

Bitcoin slipped more than 3%, falling below the $118,000 level, after surpassing the $123,000 mark for the first time in history the day before. The sharp fall came amid profit taking by investors who had earlier entered the market anticipating progress in regulating the crypto industry in the US.

High inflation could push the Bank of Japan (BOJ) to raise borrowing costs as early as October if trade tariff concerns ease. This was stated by former BOJ chief economist Hideo Hayakawa in a Bloomberg interview.

An increase of the indicator value may contribute to the fall in quotes of Nickel, Platinum, Palladium, Copper.

The sharp rise in XRP earlier this week caught the attention of the global cryptocurrency market. According to data cited by CryptoFrontNews, South Korean traders played a significant role in this price surge.

According to the British Retail Consortium (BRC), total retail sales in the UK rose by 3.1% in June compared to the same period last year. The surge was partly driven by hot weather, which encouraged purchases of fans, sports equipment, and leisure items.

Australia’s consumer confidence improved in July as households grew more optimistic about their finances, even after the country’s Reserve Bank (RBA) unexpectedly held interest rates steady last week, Bloomberg reports.

According to Bernstein experts, investors should prepare for a prolonged rally in the crypto market. They say the current bullish cycle will be “quite long and exhausting,” and its driving force will be institutional adoption of blockchain technology.