Bitcoin Traders Brace for Impact as US Inflation Data Looms This Week

TLDR

Bitcoin held steady at $105,435 as investors remained cautious before US-China trade talks and upcoming CPI inflation data US core inflation expected to accelerate to 2.9% annually in May, the first increase in 2025, driven by Trump tariff impacts Crypto volatility remains low with Bitcoin implied volatility below 40% and Ethereum around 65% Gemini crypto exchange filed confidentially for US IPO, joining growing trend of crypto firms going public Key events this week include SEC’s DeFi roundtable, Crypto Market Structure Bill debate, and potential Litecoin ETF decision delay

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Bitcoin maintained range-bound trading on Monday at $105,435 as investors adopted a cautious stance ahead of critical economic events. The world’s largest cryptocurrency showed little movement while markets prepared for high-stakes developments this week.

Bitcoin (BTC) Price

US-China trade talks in London between Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and China’s Vice Premier He Lifeng drew close market attention. The meeting marks the first formal negotiation since last month’s tentative agreement in Geneva.

Inflation Data Could Impact Federal Reserve Policy

Markets are bracing for Wednesday’s release of US Consumer Price Index data for May. Bloomberg analysts forecast that core inflation will accelerate to 2.9% annually, marking the first increase in 2025.

Source: Bloomberg

The Trump tariff war has begun affecting consumers as businesses pass on higher import costs. Core consumer prices excluding food and energy likely rose 0.3% in May, the largest increase in four months.

Producer Price Index data will follow on Thursday, giving Federal Reserve officials crucial information before their June 17-18 policy meeting. Higher-than-expected inflation could reduce chances of Fed rate cuts.

Crypto markets showed stability despite upcoming volatility triggers. Bitcoin’s implied volatility dropped below 40% while Ethereum volatility hovers around 65% across major durations.

Crypto Industry Developments Gain Momentum

Gemini crypto exchange filed confidentially for a US initial public offering over the weekend. The Winklevoss twins’ company submitted a draft registration with the SEC under confidential rules.

.@Gemini Announces Confidential Submission of Draft Registration Statement for a Proposed Initial Public Offeringhttps://t.co/XiVM2qYzce

— ICO Drops (@ICODrops) June 7, 2025

The filing allows Gemini to secure its offering timeline before revealing financial details publicly. No share count or price range was specified in the initial submission.

Gemini joins a growing wave of crypto firms pursuing public listings. Circle Internet Group recently completed its IPO process as institutional interest in digital assets continues growing.

The SEC will host a roundtable discussion titled “DeFi and the American Spirit” on Monday. The session focuses on decentralized finance and national economic interests.

The House of Representatives will deliberate on the Crypto Market Structure Bill this week. The legislation represents a key step in establishing regulatory frameworks for digital assets.

The SEC faces a June 10 deadline for responding to Canary Capital’s Litecoin Spot ETF application. Market observers expect the regulator to delay its decision.

Most altcoins remained subdued alongside Bitcoin’s muted performance. Ethereum fell 1% to $2,483.86 while XRP gained 2% to $2.2340.

Solana and Cardano showed little movement during Monday’s session. Polygon declined 1% while meme tokens Dogecoin and $TRUMP posted small losses.

Michael Saylor’s MicroStrategy plans to raise approximately $1 billion through preferred stock offerings to increase Bitcoin holdings. The move continues the company’s aggressive Bitcoin accumulation strategy.

Bitcoin remained range-bound as traders avoided large positions ahead of this week’s economic data releases and policy developments.

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