The main cryptocurrencies showed little bullish momentum on Monday, even if hopes for American-Chinese commercial talks have raised Asian actions.
Bitcoin
The main cryptocurrency by market value, has exchanged a negative dish nearly $ 105,650, having sculpted a Doji candle, a sign of indecision on Sunday, according to Data Source TradingView.
Blockchain.com data has shown a marked slowdown in network activity, the seven -day mobile average of daily chain transactions falling at 315.48k, the lowest in at least one year.
The XRP cryptocurrency focused on payments had difficulty bringing together traction up despite an increase in the downward trend line of the mid-May. The cryptocurrency changed hands at $ 2.24 at the time of the press, down more than 1% during the day (UTC). Volatility can increase this week while the XRP Ledger Apex 2025 conference starts in Singapore.
Even Crypto-Monnricy Doge exchanged almost 2% less, approaching 18 cents, having failed to set up over the single single mobile average (SMA) during the weekend.
Hang Seng Tops 24K
The Hong Kong Hang Seng index increased by 1.3%, exceeding the 24,000 mark for the first time since March 24, according to Data Source TradingView. This decision came in response to optimism on American-Chinese commercial negotiations this week.
“Optimism is as high as since the Trump elections, because the main trade deputies will meet in London from Monday. There are indications that talks will go all week and Trump himself is optimistic,” said Adam Button, Forexlive chief analyst.
“The meeting should be fine,” said President Donald Trump on Truth Social Friday, announcing the new series of commercial negotiations in London.
Other Asian indices, such as Kospi from South Korea and the composite of Chinese Shanghai, have also acquired land despite the deepening of consumers’ deflation and factory doors in China.
China deflation worsen
China consumer prices fell 0.1% in an annual shift in May, according to data from the National Bureau of Statistics published on Monday. The IPC has become negative for the first time in February.
At the same time, the production price index, or price of factory doors, dropped by 3.3% in annual shift in May, the recording of a clearer drop only 3.2% drop analysts expected. The prices of the factory doors have been in deflation since October 2022.
According to Robin Brooks, principal researcher of the Global Economy and Development Program at Brookings Institution, American prices generate a deflationary shock for the main exporters like China.
“The price inflation of China producers for consumer goods has been at its lowest level since the 2008 crisis.
The worsening of deflation could encourage China to stimulate domestic demand with additional liquidity relaxation.
The Chinese central bank can reduce key interest rates from 10 base points to a low history while reducing the ratio of reserve needs, releasing liquidity on the market. Last week, China Securities Journal managed by the State indicated that Banque Populaire de China could reduce the ratio of reserve needs later this year to support growth and restart the negotiation of public bonds.
More Chinese stimulus could increase well for the financial markets, including cryptocurrencies.
Concentrate on us cpi
The American consumer price index for May due Wednesday will be examined by the markets for clues that Trump prices add to prices in the economy.
The title IPC is observed corresponding to the April rate of 0.2% growth per month, which is equivalent to an annualized increase of 2.5% against an increase of 2.3% of April, according to FXSTREET. Even, central inflation, which excludes the volatile food and energy component, should have checked 2.9% in May, against 2.8% in April.
Barclays economists expect the data to show the first signs of increasing prices related to prices on a wide range of basic goods.
A warmer than expected print could lower the rate drops, potentially injecting the volatility of the disadvantages on the financial markets.
