Darling, after a robust 11% flourish in May, June is turning into quite the spectacle for our beloved crypto connoisseurs. Several top-secret US economic reports are about to be revealed, and trust me, they could stir the pot—big time. 🍸
Each revelation might just sway the wild world of Bitcoin and its shiny altcoin cousins, so keep your lorgnette trained and your champagne chilled.
6th June: Non-Farm Payrolls & Unemployment Rate
Mark your calendars, darlings! On June 6th, all eyes will pop out for the Non-Farm Payrolls and unemployment figures. Last April, a modest 177,000 jobs were added—just enough to keep the lights on—while unemployment steadied at 4.2%. This time? Economists whisper of only 130,000. Naturally. 🙄
If job creation grinds to a halt more than expected, our dear Federal Reserve might decide to take a breather from their tightening spree. A softer dollar could make Bitcoin’s case as the fashionable safe haven—move over, Bond Street!
11th June — CPI Inflation Report
Next up, the July debut of the Consumer Price Index (CPI) on June 11th. This bit of data is the inflation fairy godmother—if inflation whispers stay low, the Fed might just consider a rate cut. In April, inflation slowed to a scant 2.3%, just shy of experts’ dreams.
Should May’s numbers stay under control, expect a happy dance from Bitcoin aficionados. The crypto world loves a bit of monetary easing, don’t we? 😉
12th June – PPI Inflation Report
One sleepy day later, June 12th, brings the Producer Price Index (PPI). Basically, how much manufacturers are overcharging. April’s PPI was a gentle 2.4%. For June, whispers suggest a tiny rise to 2.5%. Nothing to get too excited about—yet.
17th June – FOMC Minutes
Ah, the grand event! June 17th marks the release of the FOMC’s meeting minutes—politely called the “diaries of the monetary gods.” Everyone will be combing through these papers for hints. Currently, the odds favour rates staying put—about 95%, just to keep us all guessing.
If the notes hint at easier policies later this year, honey, Bitcoin might just get its moment in the sun. Keep your pearls polished! 💁♀️
17th June — U.S. Import and Export Price Indexes
Still on the same glamorous day, the import and export price indexes drop in. Last April, import prices lounged at a calm 0.1%. If they stay steady, it might silence inflation fears and give Bitcoin a lovely boost as a hedge against chaos.
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2025-06-03 15:38