The rise in this round of the market, apart from the clear benefits for the DeFi sector, seems to lack much in terms of overall market news dynamics; it originates more from the recent accumulation of minor positive sentiments and the internal technical structure adjustments in the cryptocurrency market.
There is also important data this week – CPI (tonight at 20:30)
This week, the Federal Reserve enters a quiet period before the mid-June monetary policy meeting, so there will basically be no public statements from Federal Reserve officials. The next major news impacting the market will be the CPI data for May, which will be released tonight at 20:30.
Today's CPI data and tomorrow's PPI data have low market expectations, and there is a risk of minor spikes, but it will only affect the short term.
