Forecast Trend Report by Period
The crypto market is focused this week on US inflation data and the European Central Bank’s rate decision, with Bitcoin testing a key support level and macro releases as well as token unlocks poised to drive volatility.
CoinDesk reported on June 8 that the market is heading into a week of major macro events, including the US consumer price index, producer price index and the ECB’s rate decision.
The key catalyst is the US May CPI report due on June 10. CoinDesk cited a consensus estimate for headline CPI of 4.2% from a year earlier, up from 3.8% in the previous month. Core CPI is projected to rise 2.9% year over year, compared with 2.8% a…
