Bitcoin Weekly Macro Events Could Drive Price Volatility

This week features five major macroeconomic events that could influence Bitcoin's price. On June 9, a meeting between the US and China in London regarding tariffs and semiconductors might positively impact BTC if an agreement is reached; however, any negative news could strengthen the dollar and pressure cryptocurrencies. On June 11, the release of the US Consumer Price Index (CPI) might lead to a bearish effect on Bitcoin if inflation remains high, prompting the Federal Reserve to tighten monetary policy. On June 12, the US Producer Price Index (PPI) will be published; a high PPI could reinforce fears of monetary tightening, while a low PPI might boost markets and support Bitcoin. Also on June 12, initial unemployment claims in the US will be reported; rising claims may drive investors toward alternative assets like Bitcoin, whereas falling claims could exert downward pressure. Lastly, on June 13, consumer sentiment and inflation expectations from the University of Michigan will be released; negative perceptions might increase Bitcoin's appeal as a hedge, while optimism could diminish this effect.