Important Financial Events Affecting Bitcoin Price

• This week will witness significant finance-related events that may influence the price of Bitcoin.
• Currently, BTC is trading above the $69k mark.

Greeks.live mentioned the crucial financial events scheduled for this week that could have repercussions on Bitcoin's price and the overall crypto markets.

A post on X revealed some economic data snippets set to be released, marking this week as macro-heavy, particularly with major events like the US CPI and the Fed interest rate decision.

The short-term option IV is relatively stable now, prompting a closer look at how macro market trends could impact the crypto markets.

Reports suggest that crypto-related events are minimal, and in light of recent security incidents, investors are urged to prioritize asset security.

Expectations point towards low volatility in the crypto market. Given the sharp decline in IV, investing in macro event bets is deemed effective and recommended.

The report indicates that if data surpasses expectations, OTC funds will swiftly drive up IV.

Key Events of the Week

Here are the top four crucial events this week that could influence BTC's price:

• Wednesday, June 12: US May CPI report release.
• Thursday, June 13: Fed Interest Rate decision announcement, alongside US initial jobless claims.
• Friday, June 14: Bank of Japan rate decision unveiling.

Crypto Market Overview

The wave of volatility from Ethereum ETFs has subsided completely, as per reports. Bitcoin ETFs continue to attract substantial flows.

Recent reports highlighted that US Bitcoin ETFs acquired an amount equivalent to about two months' worth of crypto mining supply in the first trading week of June.

The overall sentiment in the crypto market is optimistic. Traders can capitalize on lower IV prices and opt for cost-effective call options for the week.

In the crypto interest rate market, Bitfinex spot large accounts are quieter, while the Bitfinex interest rate market is sluggish. Strategically trading with the right interest orders may yield active results. Embracing the high-interest mode could present unexpected opportunities.

At the time of writing, BTC is trading slightly below $70k, a level that was previously surpassed by the coin.

Ethereum is hovering around $3,700 with promising prospects ahead, especially if the ETH ETFs debut this month.