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Global Tech Stocks Plunge, Gold Shows Resilience, US-Iran Leadership Battle Begins

She said that the policy statement shows the Reserve Bank of India will focus on second-round inflation effects rather than headline data, and it is expected that headline figures will rise to nearly 6% in the fourth quarter. Based on the current statement, there is no indication that the Reserve Bank of India intends to raise interest rates, not even in August. Varma said, "Today's decision to leave rates unchanged further proves that the Reserve Bank of India is a traditional, inflation-targeting central bank." However, although inflation is expected to rise in the future, the negative impact of the energy shock on growth is also beginning to emerge, so the Reserve Bank of India will need to pay attention to both growth and inflation.

BlockBeats News, June 5th, Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), announced that he had bought back all previously sold Ethereum positions at an average price of $1645, after liquidating his holdings in the $2200 to $2400 range. Despite completing the repurchase operation, he believes that the overall market is still in a downtrend. However, Bitcoin has found support near $61,000 twice and has not significantly dropped below that level, indicating a short-term demand for a technical rebound. Based on this assessment, Jiang Zhuo'er expects Bitcoin to experience a rebound in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions during this rebound.