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13 May 2026, 23:25

Australian Dollar Retreats from Session Highs After Hot US PPI Print

BitcoinWorld Australian Dollar Retreats from Session Highs After Hot US PPI Print The Australian dollar (AUD) pulled back from its session highs during Thursday’s North American trading session after the latest US Producer Price Index (PPI) data came in significantly hotter than market expectations. The currency pair, which had been attempting to extend gains earlier in the day, reversed course as the stronger-than-anticipated inflation print reinforced expectations that the Federal Reserve may need to maintain a tighter monetary policy stance for longer. US PPI Data Surprises to the Upside The US Bureau of Labor Statistics reported that the headline PPI rose 0.6% month-over-month in January, sharply above the consensus estimate of 0.3%. On an annual basis, PPI accelerated to 3.2%, compared to the 2.9% forecast. Core PPI, which excludes volatile food and energy prices, also came in above expectations at 0.5% month-over-month versus the 0.2% forecast. The data suggests that pipeline inflationary pressures remain stubborn, complicating the Fed’s path toward rate cuts. Market Reaction and AUD/USD Dynamics Following the release, the US Dollar Index (DXY) jumped, and the AUD/USD pair fell from an intraday high near 0.6515 to trade around 0.6480. The Australian dollar had been supported earlier by a modest improvement in risk sentiment and higher commodity prices, but the PPI surprise quickly overshadowed those factors. The yield on the US 10-year Treasury note also rose, further weighing on the Aussie. Implications for Traders For forex traders, the key takeaway is that the disinflation narrative in the US is facing headwinds. A hotter PPI reading often precedes higher Consumer Price Index (CPI) figures, which could delay the timing of the first Fed rate cut. This dynamic is dollar-positive in the near term and likely to keep the AUD/USD under pressure. The next major test for the pair will be the upcoming US CPI release and any commentary from Fed officials. Broader Context and Outlook The Australian dollar remains sensitive to global risk appetite, China’s economic outlook, and domestic data. However, the immediate driver remains US interest rate expectations. Until there is clearer evidence that US inflation is sustainably moving toward the Fed’s 2% target, the Aussie may struggle to mount a sustained rally against the greenback. The Reserve Bank of Australia (RBA) has also signaled caution, keeping its own policy outlook data-dependent. Conclusion Thursday’s US PPI data delivered a clear reminder that the battle against inflation is not yet won. The Australian dollar’s retreat from session highs reflects the market’s rapid repricing of Fed rate expectations. Traders should remain alert for further volatility as additional inflation data and Fed communications emerge in the coming weeks. FAQs Q1: What is the US PPI and why does it matter for the Australian dollar? PPI measures the average change in selling prices received by domestic producers. It matters because it is a leading indicator of consumer inflation. A higher PPI suggests rising inflation, which may prompt the Fed to keep interest rates higher for longer, strengthening the US dollar and weakening the Australian dollar. Q2: How did the market react to the PPI data? The US dollar rallied, Treasury yields rose, and the AUD/USD pair dropped from its session high. The market now sees a lower probability of a Fed rate cut in the near term. Q3: What should traders watch next? Traders should monitor the upcoming US CPI report, any Fed speeches, and Australian employment data. These releases will provide further clues on the relative monetary policy paths and direction for AUD/USD. This post Australian Dollar Retreats from Session Highs After Hot US PPI Print first appeared on BitcoinWorld .

13 May 2026, 21:30

Crypto ownership in the US hits 67 million ahead of Clarity Act vote

🚨 67 million Americans now own crypto, NCA reports. $XRP legal chief highlights the sector’s huge mainstream reach. 🗳️ Clarity Act’s critical vote could shape future regulations. Continue Reading: Crypto ownership in the US hits 67 million ahead of Clarity Act vote The post Crypto ownership in the US hits 67 million ahead of Clarity Act vote appeared first on COINTURK NEWS .

13 May 2026, 20:30

Microsoft Leading Copilot AI Predicts the Shocking Price of XRP by The End of 2026

We put a direct structured question to Microsoft Copilot AI about where the XRP price prediction ends up by the end of 2026, and the AI predicts does not dance around it. The Leading AI frames the entire thesis around a single question: Does XRP become the backbone of institutional-grade payments, or does it stay trapped by legal and competitive noise? If the answer is yes, Copilot sees a realistic range of $5 to $10. Source: Copilot AI XRP Price Prediction The bull case is built on 3 pillars that are already partially in place. Regulatory clarity following Ripple’s legal wins has removed the overhang that kept institutional money cautious for years. Banking partnerships are expanding, meaning XRP is no longer just a speculative asset but an active part of real payment infrastructure. And the broader crypto market recovery provides the macro tailwind that lifts all boats, but historically lifts XRP harder when sentiment is running hot. Copilot’s more aggressive scenario layers global settlement integration and strong liquidity corridor expansion on top of that foundation and arrives at $15, a number that requires everything to go right simultaneously, but is not built on fantasy, given where Ripple’s enterprise pipeline sits today. Xrp (XRP) 24h 7d 30d 1y All time The bear case is blunt. If regulatory setbacks re-emerge or adoption stalls, Copilot says XRP may not even break $1.50 to $2.00, leaving it underperforming peers across the board. That is the uncomfortable version of this story: all the infrastructure buildout, all the legal wins, and the price still goes nowhere because the utility demand does not translate into actual buying pressure at scale. It has happened before with XRP, and Copilot is not pretending otherwise. XRP Price Prediction: XPP Has Been Ranging for 3 Months Straight, Is This Why Copilot AI Predicts Aggressive Breakout? XRP price is trading at $1.4677 on the 4-hour chart, and the chart since February tells a story of stubborn consolidation, finally showing signs of life. After the February crash from $2.00 down to $1.15, price spent the next 3 months grinding in a wide range between $1.28 and $1.55 with no sustained directional conviction in either direction. That changed in the last 2 weeks. The current push toward $1.50 is the strongest and most sustained upside move since the March bounce, and it is happening on progressively higher lows, which is a meaningful shift in structure. Resistance is $1.50 to $1.55, the ceiling that has rejected every serious rally attempt since February. Price is pressing into that zone right now, and how it behaves here defines the next several weeks. A clean 4-hour close above $1.55 and hold opens the door to $1.65 and then $1.80, where the next major supply sits from the January descent. Support is $1.35 to $1.38, the mid-range base that has acted as a floor across April and early May. Lose that and $1.28 comes back into play, which is where Copilot’s bear case floor starts to make sense on the chart. That tight convergence tells you momentum is building steadily without the kind of overextension that typically precedes a sharp reversal. No divergence, no warning signs. Just a quiet grind higher with RSI having room to reach 70 before anything gets stretched. Copilot’s $5 to $10 call needs a lot of things to go right over 7 months. But the 4-hour chart is at least starting to set up the first step in that direction. LiquidChain Is Catching the Attention of XRP Holders. Here Is Why When the market leaders stall, smart money starts looking elsewhere. BTC, ETH, and XRP are all grinding under resistance right now. The catalysts that unlock the next leg up, macro relief and sustained institutional inflows, have not arrived. Waiting on them means waiting on things you cannot control. Early-stage infrastructure plays exist in a completely different universe. The upside is not priced in yet. A relatively small amount of capital can move the needle significantly. That asymmetry is the entire point. LiquidChain is building something the current multi-chain environment desperately needs. Right now, liquidity across Bitcoin, Ethereum, and Solana sits in isolated silos. Moving between them costs money, takes time, and breaks the user experience. LiquidChain collapses all 3 into a single execution layer. Developers deploy once. Users interact across all 3 ecosystems without ever feeling the seams. The presale is at $0.01454 with just over $700,000 raised. That is not a late entry. That is ground floor. The risks are real and worth naming. Post-launch adoption, liquidity depth, and execution are all unproven. No early-stage project comes without those question marks. The question is whether the potential justifies the uncertainty. Established assets offer a smoother ride toward a ceiling that is already visible. LiquidChain offers a much earlier seat at a table that has not been set yet. Explore the LiquidChain Presale The post Microsoft Leading Copilot AI Predicts the Shocking Price of XRP by The End of 2026 appeared first on Cryptonews .

13 May 2026, 20:10

Ripple CLO: 67 Million People Need Clear Crypto Rules

Ripple Chief Legal Officer Stuart Alderoty is sending a clear message to Washington ahead of the high-stakes CLARITY Act markup: cryptocurrency investors are "everyday Americans" who hold significant political power.

13 May 2026, 19:48

Kevin Warsh becomes Fed chair in 54-45 vote as central bank independence faces new test

Kevin Warsh cleared the Senate on Wednesday and became the next Federal Reserve chair after a brutal 54-45 vote, handing Trump a new central bank chief while the inflation picture is getting uglier. Kevin is taking over Jerome Powell at the exact time when Trump wants low interest rates, despite the recent price readings offering little wiggle room for the Fed. Markets do not like these kind of situations because there is politics one way and high inflation on the other hand, along with a new Fed chief stepping into the middle of all this chaos. Kevin’s confirmation came after an election process that started way back in the summer of 2025, when the government began searching for a replacement for Jerome. The 56-year-old man is going to be the 11th Fed chair in the post-war era. However, his confirmation came almost entirely partisan because only Democrat John Fetterman of Pennsylvania supported his nomination. Powell will serve his term till Friday, but he does not intend to leave the Fed yet. In fact, he still has two more years of being a Fed governor, and he mentioned last month that he is determined to finish the probe regarding the Fed building renovations first. It has been about 80 years since a Fed chair returned to the Fed. Kevin takes charge while Trump pushes for lower rates Trump has been here before, and that history is now hanging over Kevin. In November 2017, Trump picked Jerome to run the Fed instead of Kevin, who was then a younger former Fed governor. Trump believed Jerome would be easier to deal with. He later regretted that call as the two clashed over rates. At this moment, the million-dollar question being asked in the market is whether Trump regrets choosing Kevin, just like he regrets the appointment of Jerome. Trump once told everyone that “Fed chairs tend to change once they get the job done.” This quote means a lot because Kevin may lack the political immunity Jerome enjoyed from his boss. It looks like Kevin will be pushing “regime change” within the Fed system. This will certainly not be a pleasant message for the Fed with its preference for slow and measured actions, its cultlike processes inside, and its love of soft wording. And it’s his duty to convince members who see an uptick in inflation as something dangerous. It would have been difficult to imagine anything else as the crux of the matter here. There are those within the financial sector who believe that either he thinks too highly of his ability to influence processes within the Fed’s inner workings or is too close to Donald Trump to do so effectively. His progressive adversary Elizabeth Warren, a Democrat from Massachusetts, referred to him as Trump’s “sock puppet”. And yet there are some aspects which complicate this picture. Last year, Kevin told Donald not to remove Jerome. Such words undoubtedly saved the reputation of the Fed since getting rid of Jerome could have served the interests of Kevin quite well. In spite of all these reservations, he was nominated by Trump in January. Inflation keeps Kevin from handing Trump a quick cut The problem with cutting rates has already become one of the top priorities for Kevin. The president clearly wants lower rates and said he would be disappointed if Kevin fails to deliver. In his recent hearing before the Senate Committee on Banking, Housing, and Urban Affairs, Kevin insisted he had not made any promise to the president regarding rapid rate reductions. As reported by the federal statistics agency, the consumer price index rose to 3.8% in April. This increase was mostly attributed to the energy shock associated with events in Iran. Core inflation, which excludes highly volatile energy prices, increased for the third consecutive month. Now, some policymakers at the Fed think that interest rates may need to stay higher for longer to address inflationary pressures, even if geopolitical tensions in the Middle East ease. However, the central bank does not seem to be interested in a quick rate cut yet. But according to Kevin, the Fed has wasted too much time reacting to small short-term movements in the inflation data and has already lost some credibility among market participants. As evidence, he cited expectations for future inflation levels as measured by surveys conducted among financial investors and households. The smartest crypto minds already read our newsletter. Want in? Join them .

13 May 2026, 19:40

Crypto-Friendly Kevin Warsh Confirmed as Fed Chair to Replace Jerome Powell

Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, was confirmed as its new chair Wednesday to replace Jerome Powell.