This week is crucial for cryptocurrencies: between U.S. inflation and the ECB's decision.
The week of June 8 puts the crypto market through a particularly loaded macroeconomic calendar, with the U.S. inflation report coming out on Wednesday and the ECB's interest rate decision on Thursday. After nine months of correction, digital assets remain under pressure in a context of divergence with stock markets at their highs. Will Bitcoin finally find a bottom this week?
The U.S. CPI expected on Wednesday at 4.2% could reinforce the Fed's hawkish stance and impact spot Bitcoin ETFs.
The ECB is expected to raise rates to 2.25%, adding additional pressure on global risk appetite.
Over $700 million in tokens will be unlocked this week, of which $673 million is just for Hyperliquid.
The U.S. consumer price index is expected to be released on Wednesday at 8:30 AM (Eastern Time). The consensus anticipates a year-on-year increase to 4.2% for May, up from 3.8% in April. A figure above expectations would strengthen the case for maintaining a hawkish Fed policy, which would directly impact flows into spot Bitcoin ETFs.
The context is already fragile. Spot ETFs have recorded net outflows in several recent sessions, while Bitcoin tests psychological support levels for several weeks now. The producer price index, expected on Thursday, will complete this macro picture for traders.
Additionally, on the regulatory front, the Clarity Act continues its course in the Senate until June 12. The text is still subject to negotiations concerning DeFi obligations and stablecoin exemptions, two points that crystallize tensions between the industry and U.S. legislators.
$ETC
$DEXE
$CLANKER
#Criptomonedas
The week of June 8 puts the crypto market through a particularly loaded macroeconomic calendar, with the U.S. inflation report coming out on Wednesday and the ECB's interest rate decision on Thursday. After nine months of correction, digital assets remain under pressure in a context of divergence with stock markets at their highs. Will Bitcoin finally find a bottom this week?
The U.S. CPI expected on Wednesday at 4.2% could reinforce the Fed's hawkish stance and impact spot Bitcoin ETFs.
The ECB is expected to raise rates to 2.25%, adding additional pressure on global risk appetite.
Over $700 million in tokens will be unlocked this week, of which $673 million is just for Hyperliquid.
The U.S. consumer price index is expected to be released on Wednesday at 8:30 AM (Eastern Time). The consensus anticipates a year-on-year increase to 4.2% for May, up from 3.8% in April. A figure above expectations would strengthen the case for maintaining a hawkish Fed policy, which would directly impact flows into spot Bitcoin ETFs.
The context is already fragile. Spot ETFs have recorded net outflows in several recent sessions, while Bitcoin tests psychological support levels for several weeks now. The producer price index, expected on Thursday, will complete this macro picture for traders.
Additionally, on the regulatory front, the Clarity Act continues its course in the Senate until June 12. The text is still subject to negotiations concerning DeFi obligations and stablecoin exemptions, two points that crystallize tensions between the industry and U.S. legislators.
$ETC
$DEXE
$CLANKER
#Criptomonedas