Monetary Policy

At 20:30 Beijing time on June 10, 2026, the U.S. Bureau of Labor Statistics will release the May Consumer Price Index. This is the final key inflation data point ahead of the first FOMC policy meeting under new Fed Chair Kevin Wosch, scheduled for June 16 to 17. Market expectations are that overall CPI year-over-year growth will rise to 4.2%, the highest since March 2023, and the first time inflation has returned to above 4% in nearly three years. Core CPI excluding food and energy is expected t

According to BlockBeats and Bitunix analysts, the U.S. May Consumer Price Index (CPI) data released today is expected to show a year-on-year increase of 4.2%, marking the first time it has exceeded 4% in nearly three years. The market anticipates this inflation

In early March 2026, Fed rate hikes were, in Wall Street’s eyes, something all but out of reach. The CME FedWatch tool shows that market funds were betting on the probability of the Fed raising rates in 2026 at only a single-digit percentage. But in just three short months, everything has changed. Based on Gate’s latest prediction market data, the probability that market funds are betting on the Fed raising rates in 2026 has surged to 55%, whereas in early March

According to CoinDesk, on June 10, Bitcoin and gold fell in tandem as market expectations of interest rate hikes pressured non-yielding assets. Bitcoin declined approximately 7% this week while gold broke below $4,200 per ounce. Over the past week, more than $500 million in short positions were

Bitcoin (BTC) continues to weaken and fall further, temporarily around $61,850 as of June 10. The U.S. House of Representatives holds a hearing on a crypto tax bill, with lawmakers from both parties questioning details of the draft. Kalshi will require some prediction market participants to disclose employer information to help prevent insider trading. Macro Events & Crypto Market Highlights 1、According to CoinDesk, the U.S. House Committee on Ways and Means will hold hearings on multiple crypto

The crypto market experienced a structural shift in May 2026 as Bitcoin tested and failed to hold both its 200-day moving average and short-term holder realized price amid persistent inflation and a hawkish Federal Reserve stance. The pullback was driven by macroeconomic pressure tied to the rate en

According to PYMNTS, on June 9, the U.S. Federal Deposit Insurance Corporation (FDIC) closed its comment period on proposed rules for stablecoin issuers. The proposal clarifies that stablecoin holders are not eligible for FDIC deposit insurance coverage; while reserve assets held by issuers as

According to BlockBeats on June 9, major Wall Street institutions including Goldman Sachs have reversed near-term rate-cut expectations following strong employment data, with market traders now pricing in prolonged higher rates and potential further increases. Goldman Sachs canceled its year-end rat

According to the CME Fedwatch tool, the Federal Reserve is expected to maintain its target rate range at 3.50%-3.75% on June 17, 2026, with a 98.2% probability, as Fed Chair Kevin Warsh presides over his first FOMC meeting. Warsh was confirmed by the Senate on May 13 in a narrow 54-45 vote and

Between 12:00 and 12:15 (UTC) on June 8, 2026, BTC saw a sharp drop of 1.20% in 15 minutes, falling from 63,654.6 USDT to 62,708.6 USDT, with a range of 1.49%. This volatility occurred against the backdrop of 13 consecutive days of net outflows from Bitcoin ETFs and a continued deterioration in market sentiment, with short-term sell pressure clearly intensifying. The main driver behind this move is the continued capital outflow from spot Bitcoin ETFs. Data shows that as of June 3, Bitcoin ETFs h

On the early morning of June 8, Iran fired multiple rounds of missiles at Israel. This was Iran’s first direct missile attack on Israel since the ceasefire on April 8; afterward, Bitcoin surged more than 2% to about $63,330. Axios reported that on June 7, Trump called Israeli Prime Minister Benjamin Netanyahu, urging him to “not retaliate.” Goldman Sachs expects that because the labor market is stronger than expected, the Fed will no longer cut rates this year. Iran-Israel Developments: Trump St

Bitcoin briefly dropped below $60,000 on June 5, marking the first time the cryptocurrency fell beneath that level since October 10, 2024. The decline occurred amid a broader risk-off selloff across financial markets as investors reacted to strong U.S. employment data and persistent fund outflows. B

Tonight at 20:30 Beijing time, the U.S. Bureau of Labor Statistics will release the May 2026 nonfarm payrolls employment report. This is not only the first “Nonfarm Friday” after the newly appointed Fed chair Waller took office, but also the last major economic indicator before the FOMC monetary policy meeting on June 16-17. Market consensus is that May nonfarm payrolls will add a net 85,000 jobs, slowing sharply from April’s 115,000; the unemployment rate is expected to stay at 4.3%; and averag

CME Group CEO Terry Duffy said on June 4 that sustainable crypto futures are “a time bomb,” warning that CFTC approval of such products could undermine stability in U.S. financial markets. On May 29, the CFTC approved the launch of the first batch of U.S.-regulated crypto perpetual futures contracts by Coinbase and Kalshi. CFTC Approval Mechanism and Duffy’s Criticism In public comments, Duffy said the CFTC simplified an otherwise thorough review process when approving perpetual futures, arguing

Bitcoin (BTC) has not yet recovered from its ups and downs, trading around $63,260 as of June 15. According to Bloomberg, a key committee of the U.S. House of Representatives is preparing legislation to build a cryptocurrency tax framework. With the listing of Grayscale HYPG ETF, the U.S. HYPE spot ETF recorded a total net inflow of $12.1494 million on a single day. Macro Events & Crypto Hotspots 1、According to a Bloomberg report, the U.S. House Ways and Means Committee is preparing legislation

Between 13:15 and 13:30 (UTC) on June 4, 2026, BTC recorded a -0.55% return over a 15-minute short-term cycle, with the price falling back into the 63,066.8 to 63,629.3 USDT range, for an amplitude of 0.88%. This modest continuation of the decline came against the backdrop of BTC breaking below the $64,721 key support level on June 3. Over the past two days, the cumulative drop exceeded 14%, and the market is under extreme stress. The main driver of this move is record outflows from Bitcoin spot

Treasury Secretary Scott Bessent, the macro investor and Key Square Group founder who now oversees U.S. fiscal policy, has publicly championed both the strategic bitcoin reserve established under President Trump’s March 2025 executive order and accelerated Senate passage of the Clarity for Payment S

From 23:00 to 23:15 (UTC) on June 3, 2026, BTC saw a sharp drop of 0.47% within 15 minutes, with a price range of 64,404.8–64,983.4 USDT and a volatility of 0.89%. This sell-off continues the pullback trend that has been ongoing since late May. By that day, the price had fallen about 12% from the weekly high of $75,850, with market volatility noticeably increasing and bearish sentiment prevailing. The main drivers behind this spike are continued outflows of institutional funds, alongside selling

Between 22:00 and 22:15 (UTC) on June 3, 2026, the BTC price saw a sharp intraday drop of -0.67%. The trading range was 65,301.0-65,837.6 USDT, with a swing of 0.82%. The market accelerated downward under short-term technical pressure, and volatility expanded somewhat. The main driver behind this move was the convergence of technical oversold conditions and programmatic sell pressure. The price is currently below the 50-day moving average ($76,655.41) and the 200-day moving average ($78,802.22).