The inflation scenario that could send bitcoin tumbling below $60,000 Your day-ahead look for June 10, 2026 What to know: Bitcoin The U.S. consumer price index for May is due to hit the wires at 8:30 a.m.
The figure is expected to show the cost of living in the world’s largest economy rose 4.2% year-on-year, a three-year high, following April’s 3.8% reading, according to Reuters. That would put inflation more than two full percentage points above the Fed’s 2% target. Concerns the Fed is likely to raise interest rates are already weighing on bitcoin, and more evidence is likely to send the largest cryptocurrency even lower.
That said, bitcoin’s reaction will depend less on the headline figure and more on what’s underneath it. The key question is whether inflation broadened across multiple categories or remained concentrated in energy. If it’s the latter, markets may well dismiss the print as a transitory effect of the first-quarter spike in oil prices driven by the war with Iran.