{"id":30912,"date":"2025-06-09T11:33:35","date_gmt":"2025-06-09T11:33:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30912"},"modified":"2025-06-09T11:33:35","modified_gmt":"2025-06-09T11:33:35","slug":"crypto-daybook-americas-bitcoin-options-point-to-gains-as-bullish-flow-builds-ahead-of-cpi-data","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30912","title":{"rendered":"Crypto Daybook Americas: Bitcoin Options Point to Gains as Bullish Flow Builds Ahead of CPI Data"},"content":{"rendered":"
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By Francisco Rodrigues (All times ET unless indicated otherwise)<\/p>\n

Bitcoin BTC rose over the weekend, offering a reprieve after a week of market jitters. It is now trading around $106,600 after gaining 1.2% in the past 24 hours, while the broader CoinDesk 20 (CD20<\/a>) index added nearly 1.7%.<\/p>\n

The recovery appeared driven less by headlines and more their absence, marking a shift from the public feud between U.S. President Donald Trump and Tesla CEO Elon Musk that rattled investors. As tensions cooled, markets recovered.<\/p>\n

Even developments that might be seen as negative did not appear to sway markets. These include Taiwan-based crypto exchange BitoPro confirming being hacked<\/a>, and data from Blockchain.com showing a slowdown<\/a> in BTC\u2019s network activity to the lowest level in a year.<\/p>\n

Meanwhile, the Hang Seng index jumped 1.6% as traders reacted to U.S. President Donald Trump expressing optimism for talks with China in London that start today, saying the meeting \u201cshould go very well.\u201d<\/a><\/p>\n

Still, concerns are mounting over deflation in China. Consumer prices fell 0.1% year-over-year in May and factory gate prices dropped 3.3%, the steepest decline since October 2022.<\/p>\n

The People’s Bank of China has already responded<\/a> by trimming interest rates, reducing reserve requirements, and injecting liquidity into the market. That may eventually benefit cryptocurrencies, which often trade in tandem with liquidity conditions in traditional markets.<\/p>\n

All that may recede in importance on Wednesday, when the U.S. announces the latest inflation figures. May\u2019s consumer price index report is expected to show a rise in core inflation to 2.9%, up from 2.8% in April.<\/p>\n

A stronger-than-expected reading could delay the Federal Reserve\u2019s next rate cut and inject volatility across financial markets.<\/p>\n

In a note published Monday, Spanish bank Bankinter warned that rising inflation and U.S. bond yields could pressure equity valuations and weaken the “fear of missing out” momentum that\u2019s been propping up global stocks and other risk assets.<\/p>\n

The yield on the 10-year Treasury has already climbed to 4.5%, a level that could begin to weigh on market sentiment if inflation surprises to the upside. Crypto markets, for now, are caught in the crossfire. Stay alert!<\/p>\n

What to Watch<\/strong><\/h2>\n