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U.S. inflation, European Central Bank rate decision: Crypto Week Ahead
Key takeaways
- The second week of June puts the crypto market’s resilience to the test as digital assets battle an unusual divergence from record-setting equity markets.
- The direction of the week's risk appetite could be dictated by a high-stakes macro calendar.
- Inflation Rate YoY for May est. 4.2% (Prev. 3.8%); Core Inflation Rate YoY est. 2.9% (Prev. 2.8%) June 10, 8:30 a.m.: U.S.
The second week of June puts the crypto market’s resilience to the test as digital assets battle an unusual divergence from record-setting equity markets.
Following a grueling nine-month correction cycle that has pushed bitcoin down to major psychological support levels, traders enter the week facing a double-barreled threat of heavy token emissions and tightening cross-asset liquidity.
The direction of the week's risk appetite could be dictated by a high-stakes macro calendar. Traditional markets are bracing for Wednesday's U.S. CPI print, and a hot inflation reading could lock in a restrictive Federal Reserve stance and deepen recent spot ETF outflows.
Article preview — originally published by CoinDesk. Full story at the source.
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