Bitcoin braces for inflation shock as CPI puts bulls on edge
Bitcoin (
$BTC ) traders are preparing for a series of U.S. inflation reports this week that could determine whether the crypto asset can hold its recent recovery from the $60,000 area or face another wave of selling pressure.
According to Trading Economics forecasts, the Consumer Price Index report due on June 10 is expected to show headline inflation rising 0.5% month-over-month, slightly below April’s 0.6% increase.
Annual CPI is projected to accelerate to 4.2% from 3.8%, while core CPI, which excludes food and energy prices, is e