09:47 AM EDT, 06/10/2024 (MT Newswires) -- The biggest cryptocurrencies were slightly in the red to start the new week as traders await key data releases on inflation in the world's biggest economy and the Federal Reserve holds its latest meeting to discuss interest rates.

Bitcoin was down 0.3% in the past 24 hours to trade at about $69,271 recently, data compiled by CoinMarketCap showed. Ethereum decreased by 0.6% to trade at $3,668. The global crypto market cap fell 0.7% to $2.52 trillion. The CoinDesk Market Index, which tracks 192 digital assets, was down 0.6%.

Investors will be watching consumer-price data for May, set to be released mid-week, and producer prices following on Thursday. Consumer sentiment on Friday will also be parsed for clues on households' assessment of conditions in the US.

But markets will be closely monitoring the central bank's guidance this week, including the post-meeting press conference with Chair Jerome Powell, for rate and economic outlook hints. The CME FedWatch Tool shows a 99% probability the Federal Open Markets Committee will leave its target rate range unchanged at 5.25% to 5.5%.

On Monday, spot price bitcoin exchange-traded funds were modestly higher, with Franklin Bitcoin ETF (EZBC) up 0.4% and iShares Bitcoin Trust (IBIT) up 0.4%. IBIT has crossed the $21 billion mark in assets under management, reaching a total of 304,976 BTC, according to its website.

Bitcoin mining stocks were mixed to start the week, with Gryphon Digital Mining (GRYP) up 1.4%, while TeraWulf (WULF) dropped 2.6%.