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Is Bitcoin Ready for a June Shake-Up? Fed Moves and Inflation Data Set the Stage

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Fed Rate Moves and Economic Data to Shape Crypto in June
  • June’s crypto market volatility hinges on Fed decisions and key U.S. economic reports.
  • Inflation data, such as CPI, PPI, and Price Indexes, will impact market expectations this month.
  • The FOMC meeting on June 17th could trigger significant moves in cryptocurrencies.

Cryptocurrencies are expected to experience significant fluctuations throughout June, as several major economic reports are scheduled to be issued during this period. These include the Employment Situation Report, CPI data, FOMC meeting, and more.

Key June Economic Reports to Shape the Crypto Market

The U.S. labor market will be revealed through the Employment Situation Report, coming out on June 6. The Fed’s decision on interest rates might change because of this report. On June 11, the Consumer Price Index (CPI) data will illustrate the current level of inflation. The Producer Price Index (PPI) data, released on Jun…

The post Is Bitcoin Ready for a June Shake-Up? Fed Moves and Inflation Data Set the Stage appeared first on Coin Edition.

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