Rate Cuts
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Bitcoin leads crypto rally amid inflation data and regulatory hopes
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Cryptocurrency prices surged on January 13, 2026, with Bitcoin gaining over 5% to approach $93,500, driven by lower-than-expected U.S. inflation figures and a proposed regulatory bill. Ethereum and other altcoins like XRP and Solana saw even stronger gains of 5-10%. Traders expressed excitement online as the market anticipates potential Federal Reserve rate cuts.
India's GDP growth exceeded expectations in the second quarter, reaching 8% for the first half amid near-zero inflation. Despite the rupee weakening beyond 90 to the dollar, economic indicators suggest resilience. Experts question the justification for interest rate cuts at this juncture.