Bitcoin Braces for Stormy Seas: 3 Market-Moving Catalysts This Week
Crypto traders, buckle up—volatility's back on the menu. Here's what could send Bitcoin on another joyride this week:
1. Macro Tremors: Fed whispers and jobs data could rattle risk assets. Watch for traders flipping between 'risk-on' and 'risk-off' like hedge fund mood rings.
2. ETF Flows: The big money faucet—institutional inflows could pump prices... or drain them faster than a crypto founder's credibility.
3. Miner Moves: Post-halving capitulation or HODLing? Hash rate shifts might signal whether Bitcoin's 'digital gold' narrative holds weight—or just gets sold for actual gold.
Bonus cynicism: Whatever happens, Wall Street will still charge 2% fees to lose your money slightly slower than you would.
Economic Events June 9 to 13
The most impactful report of the week is May’s Consumer Price Index CPI which is one of the two key measures of inflation. Central bank policymakers and investors closely monitor the CPI report as it reflects price trends across the economy and shapes sentiment.
The May CPI report is likely to confirm that price pressures remain elevated, according to analysts.
May’s Producer Price Index (PPI) report will follow the CPI on Thursday, reflecting input costs for producers and manufacturers. PPI measures the cost of producing consumer goods, which ultimately impacts retail prices, and is viewed as a leading indicator of inflationary pressures.
June’s Michigan Consumer Sentiment Index and Consumer Inflation Expectations preliminary readings are due on Friday. These reports summarize consumer confidence and long-term inflation expectations, which can impact spending and overall economic growth.
Key Events This Week:
1. Atlanta Fed GDPNow data – Monday
2. May CPI Inflation data – Wednesday
3. 10-Year Note Auction -Wednesday
4. May PPI Inflation data – Thursday
5. Michigan Inflation Expectations data – Friday
6. Michigan Consumer Sentiment data – Friday
This marks…
— The Kobeissi Letter (@KobeissiLetter) June 8, 2025
This marks the last week of inflation data before the June Fed meeting. According to the CME Fed Watch tool, there is a 99.9% probability that interest rates will remain unchanged at the June 18 central bank meeting.
Crypto Market Outlook
Crypto markets have dipped a little over the past 24 hours, with a 2% decline in total capitalization, which dropped to $3.41 trillion during Monday morning trading in Asia.
Overall, markets remain range-bound bound having recovered from their Friday fall and holding steady over the weekend.
Bitcoin topped $106,000 during late trading on Sunday but declined a little to $105,600 on Monday, June 9. Aside from Friday’s dip, it has remained within this tight trading channel since the end of May.
Ethereum is holding steady around the $2,500 price zone, failing to break resistance above $2,700 but also not slumping back towards $2,000.
Most of the altcoins are generally flat with minor gains for XRP and ICP, and further losses for memecoins.
