The main cryptocurrencies remained largely stagnant on Monday despite a renewal of optimism surrounding the American-Chinese commercial negotiations. Bitcoin (BTC) oscillated nearly $ 105,650 after having formed a Doji candle on Sunday, signaling the indecision of the market. XRP fell by more than 1% to $ 2.24 despite the rupture of a downward trend line in mid-May. With the XRP LEDGER APEX 2025 conference from Singapore this week, volatility could increase. Dogecoin (DOGE) fell by almost 2%, exchanging approximately $ 0.181 after failing above the single mobile average of 100 days.
Meanwhile, Asia’s stock markets have seen gains. The Hong Kong Hang Seng index climbed 1.3%, exceeding the level of 24,000 for the first time since March. Kospitus of South Korea and the composite of Chinese Shanghai also argued, fueled by optimism on commercial talks from Monday in London. President Trump expressed confidence in the discussions, calling them “to go”.
Despite the bullish feeling of actions, China’s latest economic data painted a dark painting. The Mayy Consumer Prices (IPC) dropped by 0.1% in annual shift, while the producers’ price index (IPP) dropped by 3.3%, more deep than expected. Analysts warn that the current American prices could push China to a deeper deflation, weakening global demand.
To counter the slowdown in growth, the Central Bank of China has recently reduced key interest rates and could again reduce the reserve needs ratio this year. More liquidity injections could support both financial markets and cryptographic assets.
The markets are now turning to American IPC data for May, due Wednesday. Economists provide for an increase of 0.2% from one month to the inflation of major securities and an increase in central inflation to 2.9%. Stronger than expected reading could cool the expectations of Fed flow reductions, which could trigger volatility down between risk assets, including cryptocurrencies.
