Major Cryptocurrency showed a slight speed on Monday, even expectations for the US-China trade talks remove Asian shares.
Bitcoin
According to the data source tradingview, on Sunday on Sunday, a doji candle, near $ 105,650, indicating an individual, was traded by Cryptocurrency, leading by market value.
data from Blockchain.com shown A marked recession in network activity, with a seven-day speed of the daily on-chain transactions, falls up to 315.48k, the lowest in at least one year.
The payment-focused cryptocurrency XRP struggled to collect reverse traction despite topping a recession trendline from the heights of May. Cryptocurrency changed hands at the press time at $ 2.24, below 1% on the day (UTC). Volatility may increase this week as the top 2025 conference of XRP laser is closed in Singapore.
Mem Cryptocurrency Dogi traded about 2% less, closed at 18 cents, failing to establish a leg above the 100-day simple moving average (SMA) over the weekend.
Anchor Seng Tops 24K
According to the data source tradingview, Hong Kong’s Hong Seng index increased by 1.3%, topping the 24,000 mark for the first time since March 24. This step came in response to optimism about American-China trade talks this week.
Forexlive’s main currency analyst adam button, starting on Monday as the election of Trump in London starting on Monday, is more as Trump’s election since Trump’s election. Said In a blog post.
“The meeting should run very well,” President Donald Trump said on the Satya Social Friday, announced a new round of trade talks in London.
Other Asian indices, such as South Korea’s Kospi and the Shanghai Composite of China, also received land despite deep consumer and factory gates in China.
China’s deflation deteriorates
According to data from the National Statistics Bureau released on Monday, China’s consumer prices fell 0.1% year-on-year in May. The CPI first became negative in February.
Meanwhile, the price of manufacturer price index, or factory gate fell from 3.3% year-on-year in May, a sharp fall compared to 3.2% drop analysts. The factory gate prices have been in deflation since October 2022.
According to the Global Economy and Development Program Senior Fellow Robin Brooks at the Brookings Institution, the US tariffs are creating an defft for major exporters like China.
“China’s productive price inflation for consumer goods since the 2008 crisis is below its lowest level. The US tariff will now push China into full-defense. All the necessary conditions for deflation: Weak consumption and a debt overhang. US tariffs are now catalysts …,” Brux said on X.
The deteriorating defaulting may motivate China to reduce further liquidity and encourage domestic demand.
Chinese central bank in May Cut in major interest rates A historical point based on 10 basis, reducing the reserved requirement ratio, releasing liquidity in the market. Last week, the state -run China Securities Journal Informed this People’s Bank of China can reduce the reserved requirement ratio at the end of this year to support development and resume government bond trading.
More Chinese stimulation can be well for financial markets, including cryptocurrency.
Pay attention to US CPI
The US Consumer Price Index for May due to Wednesday will be examined by markets for clues that are adding to Trump’s tariff economy under price pressure.
According to fxstreet, the headline CPI is seen matching the April 0.2% month-month growth in April, equivalent to an increase of 2.3% of April. Meahile, the main inflation, which excludes unstable food and energy components, is estimated to have more than 2.9% tick in April in May from 2.8%.
Economist in Barclays expect The wide range of data core goods increases to show the first signal of the value related to tariffs.
A hot-se-up-approved print fed can cut the fed rate, which can be potentially injecting the financial markets.
