Bitcoin and Ethereum are clawing back ground after a brutal session. BTC has bounced to $61,742 from a low of $59,010, and ETH sits at $1,652 after touching $1,550. The recovery is real, but it's happening against a backdrop of $1 billion in liquidations over 24 hours, one of the three largest liquidation events of the past 90 days.

This week's focus sits squarely on the Fed's inflation mandate. With rates on hold and inflation still above target, the market is watching for any re-acceleration in May's PCE data, the kind of surprise that could reprice rate-cut expectations and ripple straight into liquidity-sensitive assets like Bitcoin.

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