Bitcoin remained stable above $30,000 on Monday as China's producer price index (PPI) data indicated that the global liquidity-tightening cycle, which began last year and affected cryptocurrencies, is coming to an end. China's PPI fell 5.4% YoY in June, the ninth consecutive monthly decline and the steepest drop in seven years, leading to deflationary pressures in the global economy.

Jim Rogers has warned the US economy will suffer, with inflation and debt problems getting worse as the dollar falls. He pointed to the United States as the largest debtor nation in world history, and predicted that a fate similar to that of the British Empire might happen to the United States. While Janet Yellen argued that the U.S. dollar remains dominant, Rogers highlighted America's massive debt and soaring money printing. He also drew attention to the possibility of an alternative to the dollar and called on investors to protect their funds from the financial crisis. Other economists have also sounded warnings about inflation, the debt crisis and a weakening dollar.

According to a tweet from Bloomberg's macro strategist Mike McGlone, after a strong performance in the first half of the year, Bitcoin may face harsh recessionary conditions in the next six months. He said that Bitcoin's 84% gain in the first half of the year was about double that of the Nasdaq 100 and consistent in annual volatility (risk-adjusted). It's the second half of the year that may define the benchmark crypto as a high-beta version of the stock market or for its potential to be digital gold in a world going that way.

JPMorgan managing director Nikolaos Panigirtzoglou believes that a Bitcoin exchange-traded fund (ETF) approval in the US would bring more liquidity to Bitcoin markets but would not have a significant impact on crypto markets overall. Despite limited investor interest in Bitcoin ETFs in other jurisdictions, BlackRock's CEO, Larry Fink, suggests that investors may turn to Bitcoin as a hedge against inflation and currency devaluation, leading to optimism for the success of BlackRock's Bitcoin ETF endeavor.

July 4 (Cointime) - Former Coinbase executive Balaji Srinivasan continues to bet on inflation, despite losing $1.2 million on his previous prediction that Bitcoin would surpass $1 million per coin due to inflation.

June 28 (Cointime) - Central bank leaders including Federal Reserve Chair Jerome Powell, Bank of England Governor Andrew Bailey, ECB President Christine Lagarde and Bank of Japan Governor Kazuo Ueda defended their current monetary policy strategies at the European Central Bank policy forum in Portugal.

June 26 (Cointime) - The Rolante Hospital Foundation (FHR) in Rio Grande do Sul, Brazil, has become the first hospital in the country to accept cryptocurrency payments. Patients can now use crypto to pay for medical bills, outpatient treatment, and medicine.

June 26 (Cointime) -Jeff Booth, the author of "THE Price of Tomorrow", stated in an interview that inflation is theft, and the government is stealing from individuals at an unpredictable rate. He analyzes how Bitcoin is the only solution to the inflation paradox, with incentives and performance far superior to any asset or store of value in history. Think Bitcoin is impossible to block, nothing better than this.

June 23 (Cointime) - Turkey has the highest percentage of its population owning ETH, with most of the top-ranked countries being those with high inflation. CoinShares' research shows that only 14% of total ETH owners are from developed countries, while more than 75% of ETH nodes are concentrated in the developed world.

June 22 (Cointime) - Bitcoin and Ethereum prices experienced a downturn following the Bank of England's decision to raise interest rates by 50 bps to 5% in an effort to combat inflation.