\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tA busy week lies ahead on the US economic calendar, with all eyes on key inflation reports as crypto markets continue to decline.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Crypto markets are back in the green on Monday morning following a weekend of losses that sent them to their lowest point in this bear market cycle.<\/p>\n
The week ahead could accelerate those losses<\/a> as inflationary pressures are expected to continue with no deal in sight between the US and Iran.<\/p>\n \u201cWe expect another volatile week ahead after Friday\u2019s sharp drop in AI stocks,\u201d said the Kobeissi Letter.<\/p>\n<\/blockquote>\n The latest from the war situation is President Trump saying that Israeli Prime Minister Netanyahu will have \u201cno choice\u201d but to accept a US deal with Iran, because he \u201ccalls the shots.\u201d<\/p>\n The missile strikes from the US, Israel, and Iran continued<\/a> over the weekend, and oil prices are climbing higher again.<\/p>\n May\u2019s existing home sales data is due on Tuesday, but all eyes will be on Wednesday\u2019s CPI inflation report.<\/p>\n This report could be key ahead of the Federal Reserve\u2019s rate decision on June 17 as investors look for clues on whether the central bank is considering raising interest rates.<\/p>\n \u201cMay\u2019s consumer prices report will be a key gauge on the impact of rising prices on consumer spending,\u201d analysts at AJ Bell said in a note, according<\/a> to the WSJ.<\/p>\n \u201cWith inflation running persistently ahead of the Fed\u2019s 2% target, a hotter-than-expected print will make it difficult for policy makers to argue for further rate cuts.\u201d<\/p>\n<\/blockquote>\n However, there is currently a 97% probability that rates will remain unchanged, according<\/a> to the CME futures Fed Watch tool<\/p>\n Thursday will see May\u2019s PPI inflation report, adding more fuel to the fire should it come in hot.<\/p>\n Michigan Inflation Expectations and Consumer Sentiment data are due on Friday.<\/p>\n Key Events This Week:<\/p>\n 1. May Existing Home Sales data \u2013 Tuesday<\/p>\n 2. May CPI Inflation data \u2013 Wednesday<\/p>\n 3. May PPI Inflation data \u2013 Thursday<\/p>\n 4. OPEC Monthly Report \u2013 Thursday<\/p>\n 5. MI Inflation Expectations data \u2013 Friday<\/p>\n 6. MI Consumer Sentiment data \u2013 Friday<\/p>\n All eyes are on\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) June 7, 2026<\/a><\/p>\n<\/blockquote>\n Crypto markets fell to their lowest levels since October 2024, with total cap dipping to $2.17 trillion over the weekend.<\/p>\n Bitcoin fell below $60,000 to a new cycle low on Saturday but had clawed its way back to $63,000 at the time of writing on Monday morning in Asia. The asset has lost 14% over the past week, driven primarily by the ongoing war and Strategy selling a few BTC.<\/p>\n Ether prices have been hit harder, with the asset falling to just above $1,500, its lowest level for 14 months. There was a minor recovery to $1,700 on Monday morning, but ETH is in the depths of crypto winter.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
Economic Events June 8 to 12<\/h2>\n
You may also like:<\/h3>\n
\n
\n
Crypto Market Outlook<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n