Crypto markets are back in the green on Monday morning following a weekend of losses that sent them to their lowest point in this bear market cycle. The week ahead could accelerate those losses as inflationary pressures are expected to continue with no deal in sight between the US and Iran. “We expect another volatile week ahead after Friday’s sharp drop in AI stocks,” said the Kobeissi Letter. Economic Events June 8 to 12 The latest from the war situation is President Trump saying that Israeli Prime Minister Netanyahu will have “no choice” but to accept a US deal with Iran, because he “calls the shots.” The missile strikes from the US, Israel, and Iran continued over the weekend, and oil prices are climbing higher again. May’s existing home sales data is due on Tuesday, but all eyes will be on Wednesday’s CPI inflation report. This report could be key ahead of the Federal Reserve’s rate decision on June 17 as investors look for clues on whether the central bank is considering raising interest rates. “May’s consumer prices report will be a key gauge on the impact of rising prices on consumer spending,” analysts at AJ Bell said in a note, according to the WSJ. “With inflation running persistently ahead of the Fed’s 2% target, a hotter-than-expected print will make it difficult for policy makers to argue for further rate cuts.” However, there is currently a 97% probability that rates will remain unchanged, according to the CME futures Fed Watch tool Thursday will see May’s PPI inflation report, adding more fuel to the fire should it come in hot. Michigan Inflation Expectations and Consumer Sentiment data are due on Friday. Key Events This Week: 1. May Existing Home Sales data – Tuesday 2. May CPI Inflation data – Wednesday 3. May PPI Inflation data – Thursday 4. OPEC Monthly Report – Thursday 5. MI Inflation Expectations data – Friday 6. MI Consumer Sentiment data – Friday All eyes are on… — The Kobeissi Letter (@KobeissiLetter) June 7, 2026 Crypto Market Outlook Crypto markets fell to their lowest levels since October 2024, with total cap dipping to $2.17 trillion over the weekend. Bitcoin fell below $60,000 to a new cycle low on Saturday but had clawed its way back to $63,000 at the time of writing on Monday morning in Asia. The asset has lost 14% over the past week, driven primarily by the ongoing war and Strategy selling a few BTC. Ether prices have been hit harder, with the asset falling to just above $1,500, its lowest level for 14 months. There was a minor recovery to $1,700 on Monday morning, but ETH is in the depths of crypto winter. The post 3 Things That May Move Bitcoin and Crypto Markets This Week appeared first on CryptoPotato .
