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The inflation scenario that could send bitcoin tumbling below $60,000
Key takeaways
- Bitcoin BTC$61,412.97 is wobbling near $61,000 and data due later today could push it over the edge along with the wider crypto market.
- The U.S. consumer price index for May is due to hit the wires at 8:30 a.m.
- That would put inflation more than two full percentage points above the Fed's 2% target.
The inflation scenario that could send bitcoin tumbling below $60,000Your day-ahead look for June 10, 2026By Omkar Godbole|Edited by Sheldon Reback Jun 10, 2026, 11:20 a.m. 3 min read Make preferred on (Markus Winkler/Unsplash)What to know: This is an excerpt from Coin Desk newsletter 'Daybook.' Sign up here, if you haven't already.
Bitcoin BTC$61,412.97 is wobbling near $61,000 and data due later today could push it over the edge along with the wider crypto market.
The U.S. consumer price index for May is due to hit the wires at 8:30 a.m. ET. The figure is expected to show the cost of living in the world's largest economy rose 4.2% year-on-year, a three-year high, following April's 3.8% reading, according to Reuters.
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