The next important catalyst for $Bitcoin and other altcoins will be Wednesday when the U.S. Bureau of Labor Statistics publishes the April Consumer Price Index (CPI) report.

Economists expect the report to show consumer prices rose in April as companies made tariff-related adjustments. The average estimate is that the headline CPI rose from 2.4% in March to 2.5% in April, while the core CPI remained at 2.8%. 

Goldman Sachs analysts expect that U.S. inflation will continue rising and end the year at 3.8%. 

$Bitcoin and $altcoins often react to U.S. inflation data because of its impact on the Federal Reserve. In its meeting last week, the Fed decided to keep interest rates unchanged at 4.5% and maintain a wait-and-see approach. 

A lower inflation figure and signs of progress on trade would fuel the ongoing crypto bull run.