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Bitcoin holds $60K support ahead of key U.S. inflation data that could sway crypto markets.

Market News
08 Jun 2026, 18:02 WIB
Crypto news
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Neutral
Bitcoin holds $60K support ahead of key U.S. inflation data that could sway crypto markets.

Bitcoin traders are closely watching upcoming U.S. inflation reports, including CPI and PPI data, which may influence Federal Reserve rate decisions and impact cryptocurrency volatility. Bitcoin currently trades above the critical $60,000 support level after recent recovery but faces mixed technical signals, with some analysts expecting further downside while others foresee consolidation. Inflation forecasts suggest a slight slowdown in monthly inflation but potential annual increases, which could affect monetary policy expectations and crypto prices. Institutional buying has provided some support, but uncertainty remains until inflation data is released and market reactions unfold.

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