Crypto Markets Eye Inflation Data as Key Catalyst for Momentum

Cryptocurrency markets held onto recent gains through the weekend, with Asian trading sessions pushing prices higher Monday morning. The upward trajectory appears contingent on this week's US inflation reports—particularly Tuesday's Consumer Price Index (CPI) and Wednesday's Producer Price Index (PPI). A favorable print could extend the rally, though tariff announcements from the WHITE House failed to move digital asset markets over the weekend.

Market participants remain laser-focused on macroeconomic indicators. June's CPI—expected to show a 0.23% to 0.25% monthly increase—will directly influence Federal Reserve rate decisions at the July meeting. Persistent inflationary pressures in energy and tariff-affected goods continue complicating the policy landscape.

Thursday's Retail Sales data will provide critical insight into consumer spending power amid these economic crosscurrents. The crypto market's detachment from traditional assets was evident as US stock futures wobbled following new EU and Mexico tariffs—a non-reaction that underscores digital assets' evolving correlation patterns.