Bonk (BONK) has continued to gain bullish momentum, standing out among other meme coins with intraday gains exceeding 12% on Wednesday. On the backdrop of a 110% surge over the past 30 days, Bonk trades at around $0.00003377 at the time of writing.
US headline CPI rose 0.3% m/m (the most since Jan) translating to 2.7% y/y increase in June, up from 2.4% in May, helped by a rebound in energy prices and higher food costs.
The US dollar continued its recovery yesterday, a trend that has been ongoing for several days now. EUR/USD closed just above 1.16 at the end of the trading day, Commerzbank's FX analyst Michael Pfister notes.