Will Fed Rate Cuts Happen? Crypto Market Awaits Key Inflation Data

As investors braced for key U.S. inflation data and potential regulatory updates this week, Bitcoin maintained stability above $105,000, while altcoins saw mixed results. Despite a quiet price action, strong ETF demand and institutional interest provided support for the market. Key developments include the Consumer Price Index (CPI) and Producer Price Index (PPI) reports for May, which could influence the Federal Reserve’s next move on interest rates. The SEC will also host a roundtable discussion about DeFi’s role in the U.S. financial system on June 9th.