How Will Crypto Markets React to Huge Week Ahead for Inflation Data
2025-07-14 04:54:01
Main Idea
Cryptocurrency markets showed positive momentum with Bitcoin reaching a new all-time high, while US economic events and corporate earnings reports are anticipated to influence market sentiment.
Key Points
1. Bitcoin reached a new all-time high of $119,750 during Asian trading, driving the total cryptocurrency market capitalization to $3.8 trillion.
2. Ethereum reclaimed $3,000, and altcoins like Stellar and Hedera surged more than 20%.
3. The June Consumer Price Index (CPI) report is expected to show a rise of 0.23% to 0.25%, influencing the Fed’s rate decisions.
4. Major US banks, including JPMorgan Chase and Goldman Sachs, are set to report earnings this week.
5. US stock futures were jittery and fell, but there was little reaction in crypto markets to Trump's announced tariffs on the EU and Mexico.
Description
Crypto markets maintained last week’s gains over the weekend and began moving higher again on Monday morning in Asia. The momentum may continue if US inflation reports are positive this week. Meanwhile, late last week, President Trump announced 30% tariffs on the European Union and Mexico, but there was little reaction from crypto markets. US stock futures were jittery and fell marginally in the market’s initial reaction to the latest round of tariff letters from the White House. Meanwhile, the ...
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