Crypto markets held firm despite the Trump–Musk drama, and now the data is in: U.S. inflation has ticked up to 2.4%. The number wasn’t a big shock — but it was just enough to keep everyone guessing about interest rate cuts. The real spotlight now turns to June 18, when the Federal Reserve will announce whether it’s finally ready to lower rates.
Meanwhile, Ethereum has broken its 15-week high and Solana is picking up pace. With talk of an “Altcoin ETF Summer” heating up, analysts are growing more confident that altcoins could lead the next leg up — especially if rate cuts come soon.
Let’s explore what’s happening behind the scenes — and what this all means for the coming weeks in crypto.
Trump vs. Musk Feud Triggers Short-Lived Crypto Panic
Since our last weekly news, the crypto market has been shaken by a dispute between two highly influential figures. Just before the weekend, on June 6, tensions between Donald Trump and Elon Musk boiled over — and crypto markets felt it.
The drama began when Musk publicly criticized Trump’s sweeping new “One Big Beautiful Bill,” which includes massive tariffs and government spending. Musk warned that the plan could trigger a recession, especially in the second half of 2024.
Trump fired back on social media, threatening to cut government contracts for Musk’s companies like Tesla and SpaceX. Within hours, Tesla shares dropped, and panic spread to crypto.
The result? A sharp but short-lived crash. Bitcoin fell below 88.000 € ($101,000), Ethereum dropped over 6%, and meme coins like DOGE and TRUMP were among the biggest losers. Over €830 million ($950 million) in long positions were liquidated in just 24 hours and many investors lost money when prices dropped suddenly. However, within a few days, markets recovered and returned to pre-drop levels.
💡 Tip for beginners: This was a strong reminder that public figures can move markets fast. It’s smart not to panic or let sudden headlines shake your investment plan.
Inflation Report Lands at 2.4%, Fed Rate Cut Clarity Coming June 18
The much-anticipated U.S. inflation data (CPI) for May came in today at 2.4%, slightly above the previous 2.3% but below the 2.5% that many analysts expected. This puts the market in an interesting position — not great news, but not a disaster either.
Why does this matter? Because inflation numbers help shape the Federal Reserve’s next move on interest rate cuts. Lower inflation supports cuts, which are good for crypto. Higher inflation often causes delays, which usually brings short-term pressure to riskier assets like Bitcoin.
Today’s 2.4% reading is a mixed bag — but markets were clearly prepared for it. Some of the impact was already priced in, and so far, crypto has responded with calm, showing continued strength. The slight rise isn’t enough to shake the growing optimism around Bitcoin, Ethereum, or altcoins like Solana.
Now, the focus turns to June 18, when the Federal Reserve will announce its decision on interest rates — a move that could strongly influence the next big trend in crypto.
💡 Tip for beginners: Even small inflation changes can move the crypto market. When inflation stays under control, it keeps the door open for rate cuts — and those can push crypto higher.
Bitcoin Eyes New All-Time Highs
Bitcoin (BTC) is back around 96.000 € ($110,000) and slowly approaching its all-time high from May. After recovering from last week’s dip, it’s now gaining momentum — and the market is watching closely.
Analysts say that if Bitcoin breaks above 97.500 € ($112,000), it could quickly move toward 100.000 € ($114,000), then 105.000 € ($120,000) or even higher. Behind the scenes, large investors (and a lot of trading activity) are building up around these key price levels. This is often a sign of a potential breakout. Some experts are even pointing to chart patterns that hint at a move toward 109.000 € or 122.000 € ($125,000 or $140,000) — and in the long run, Michael Saylor still believes Bitcoin could reach 870.000 € ($1 million).
It’s not just technical signals. The recent positive news around U.S.-China trade deals and growing investor interest are also helping boost confidence in the market. Still, a short pause or pullback wouldn’t be surprising — it’s part of how bull runs usually unfold.
Ethereum Breaks 15-Week High – Eyes on 2.600 € ($3,000) and higher
Ethereum (ETH) remains in the spotlight. On June 10, ETH jumped over 7% in a single day, reaching $2,827 — its highest price in more than 15 weeks. With strong trading volume and growing investor interest, all eyes are now on the 2.500 € – 2.600 € ($2,900–$3,000) zone.
The rally comes as demand grows across multiple fronts — from rising ETF inflows to record network activity and increased institutional interest. Analysts say this momentum is backed by deeper, fundamental factors, such as more long-term holders and greater real-world use of Ethereum’s network.
ETH futures activity also hit a record €35 billion ($40 billion), signaling strong market interest — although that could add some short-term volatility. Still, some analysts believe ETH could be forming a bullish chart pattern with a potential target above 3.500 € ($4,000) in the coming months.
Ethereum’s growing strength is now being closely watched as a possible signal of a broader altcoin recovery.
Solana Leads the Way as Altcoin ETF Summer Approaches
Solana (SOL) is taking center stage again — and not just because of its rising price. Analysts say we could see the first altcoin-related ETFs approved in July, and Solana is likely to be the first. According to prediction markets, there’s now a 91% chance the U.S. SEC will approve a spot Solana ETF soon.
This potential approval is fueling Solana’s momentum. The network’s activity is rising fast, with more users, more value locked in smart contracts, and a surge in futures trading — all signs of growing demand and investor confidence.
If confirmed, a Solana ETF would make it easier for big institutions to invest, possibly pushing SOL toward 260 € ($300) and reviving broader interest in altcoins. That’s why some are calling this the start of an “Altcoin ETF Summer.”
💡 Tip for beginners: Big events like ETF approvals can trigger strong market moves — as has already happened in the past.
Momentum is building across the board — not just in prices, but in fundamentals. We may be entering one of the most exciting phases of the cycle. If this is the start of the Altcoin ETF Summer, you won’t want to miss what comes next.
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