This critical week for cryptocurrencies will see the release of the US CPI report, eagerly anticipated by investors. The Fed's interest rate decisions will hinge on these figures, potentially impacting the crypto market significantly.
The cryptocurrency market remains relatively calm awaiting the release of inflation data in the United States. Cryptocurrencies continue with Bitcoin holding above $105,000. Altcoins like XRP, Solana, and Avalanche are experiencing mixed movements. All eyes are on the Consumer Price Index (CPI) and the Producer Price Index (PPI) for May. These could shape market sentiment and influence the Federal Reserve’s upcoming decision.
Bloomberg analysts predict that core inflation is expected to reach 2.9% year-on-year in May, marking the first increase of 2025. This rise is attributed to the effects of tariffs implemented under the previous administration, leading companies to pass on higher import costs to consumers. If the data exceeds expectations, it could reduce the likelihood of an interest rate cut by the Fed at its meeting on June 17 and 18.
Alongside inflation figures, other key events will shape this week. On June 9, the SEC will host a roundtable on integrating decentralized finance into the American financial system. Lawmakers will also discuss the Crypto Market Structure bill, while a decision on the Litecoin ETF is expected. MicroStrategy plans to raise $1 billion to expand its Bitcoin holdings.
This week is crucial for cryptocurrency prices and policy decisions. Investors will closely monitor trade negotiations between the United States and China, as well as the implications of the current administration’s controversial “Big, Beautiful” budget plan.
The upcoming US CPI report could play a major role in future crypto market movements. Investors need to remain vigilant about the potential impact of this data on Fed monetary policy and prices of digital assets. This critical week could signal a decisive turning point for the cryptocurrency sector.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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