Top 4 Heavyweight Events This Week That Could Impact Bitcoin

Key Points

• More finance-related events will take place this week that could impact the price of Bitcoin.
• Now, BTC is trading above the $69k level.

Greeks.live revealed the most important financial events of the week that could have an impact on the price of Bitcoin and the crypto markets in general.

In a post on X, the team offered a sneak peek at some economic data about the be released. This is a big macro week, with the primary events being the US CPI and the Fed interest rate decision.

Now, the short-term option IV is not significantly higher and it’s worthwhile to pay attention to whether the long-simmering macro market can affect the crypto market.

Crypto-related events are reportedly low and with the recent security-related incidents, investors have to be mindful to focus on asset security.

The volatility of the crypto market is expected to be low and considering the rapid decline in IV, the strategy of buying bets on macro events is effective and worth buying.

According to the report, once the data exceeds expectations, the OTC funds will quickly push up IV.

Top 4 heavyweight events of the week

Here are the most important events this week that might impact the price of BTC:

• On Wednesday, June 12, the US May CPI report will be out.
• On Thursday, June 13, the Fed Interest Rate decision will be revealed.
• On the same day, we can expect the US initial jobless claims for the week.
• Friday, June 14, the Bank of Japan rate decision will be announced.

Crypto market outlook

The volatility stemming from Ethereum ETFs has completely subsided, according to the reports. The Bitcoin ETFs continue to see huge flows.

Earlier, we reported that according to the latest reports, US Bitcoin ETFs acquired the equivalent of about two months’ worth of crypto mining supply in the first trading week of June.

The crypto market as a whole is more optimistic. In the short-term, traders can choose IV lower prices and properly purchase call options for the week which are still very cost-effective.

Crypto interest rate market, Bitfinex spot large accounts are quieter and the Bitfinex interest rate market is more sluggish, encountering the right interest orders can be actively traded. Also, using high-interest mode may turn out to be a surprise.

At the moment of writing this article, BTC is trading right below $70k, a level that was earlier surpassed by the coin.

Ethereum is trading close to $3,700.

The coin has optimistic prospects ahead in case the ETH ETFs launch this month.