Bitcoin Volatility Incoming? 3 Things That Could Influence Crypto Markets in the Week Ahead
Main Idea
Crypto markets are near an all-time high of $4 trillion, with Bitcoin and Ethereum showing significant gains, while upcoming economic reports and Fed rate decisions are anticipated.
Key Points
1. Crypto markets are hovering around an all-time high of $4 trillion, with Bitcoin and Ethereum showing notable gains.
2. Upcoming economic reports include June’s existing home sales, July’s Global Manufacturing PMI and Services PMI, and June’s Durable Goods Orders.
3. Futures markets predict a 95.3% chance the Federal Reserve will leave rates unchanged at its July 30 meeting.
4. Bitcoin dipped below $117,000 but reclaimed $118,000, while Ethereum surged to a seven-month high of $3,800.
5. Other cryptocurrencies like Dogecoin, Cardano, Stellar, and Chainlink also saw gains.
Description
Crypto markets are hovering around an all-time high of $4 trillion, with altcoins showing the most promise at the moment. Last week’s economic data confirmed that the US economy continues to show health and improvement, with a rebound in retail sales and a fall in jobless claims. Additionally, CPI and PPI reports showed that core price increases remain subdued. The week ahead will have some housing data and PMIs that rarely influence crypto market movements, and the weekend has been quiet in ter...
Latest News
- Important Token Unlocks Worth $442M Happen This Week: Watch These Altcoins2025-07-21 18:15:41
- Asia Is Powering Ethereum’s Weekend Gains Amidst Signals of Altseason Breakout2025-07-21 16:59:24
- Massive Ripple (XRP) Milestone Achieved: Details2025-07-21 15:08:45
- 4 Cryptocurrencies to Watch as Smart Whale Opens Massive Long Position2025-07-21 14:08:55
- Trump Media Has Acquired $2 Billion Worth of Bitcoin2025-07-21 13:26:18