3 Things That Could Impact Bitcoin and Crypto Markets in Week Ahead
2025-07-04 05:37:23
Main Idea
US stock markets surged last week amid mixed economic signals, including rising inflation concerns and upcoming key economic data releases, while cryptocurrencies like Bitcoin and Ethereum showed gains.
Key Points
1. Major US stock indexes approached all-time highs despite concerns over accelerating inflation, as indicated by the core PCE data for May.
2. Fed Chair Jerome Powell maintained a 'wait and see' approach regarding monetary policy adjustments.
3. President Trump commented on the July 9 deadline for the 90-day tariff pause, suggesting he may not extend it but left the possibility open.
4. Key economic data due this week includes June’s ISM Manufacturing PMI, job openings data, and ISM Services PMI, which will provide insights into economic health.
5. Bitcoin reached a two-week high of $108,750, while Ethereum rose to $2,500, with altcoins mostly showing minor gains except for Hyperliquid (HYPE), which surged 7.5%.
Description
US stock markets surged last week, with major indexes approaching all-time highs on the easing of tensions in the Middle East and rising hopes for a Federal Reserve rate cut later this year. Crypto markets were a little slower to react, remaining mostly flat over the past week and into the weekend. The Fed’s preferred inflation gauge, core PCE, showed that price increases accelerated in May, raising inflation concerns. Fed Chair Jerome Powell said last week that he expects to see a pickup in inf...
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