Crypto markets have had a positive weekend, holding on to and marginally improving gains made late last week.
The next seven days will see the release of the Federal Reserve’s minutes from its last meeting, which could shed more light on the direction of monetary policy as inflation continues to climb.
Meanwhile, the US stock market capitalization topped $80 trillion, setting a new record, and now accounts for around 48% of global market cap.
“We expect another volatile week ahead as markets brace for earnings season,” said the Kobeissi Letter.
Economic Events July 6 to 10
June S&P Global Services purchasing managers’ index (PMI) data is due on Monday, painting a broader picture of economic activity. This report is followed on Tuesday by ADP Employment Change data.
Wednesday will see the FOMC minutes, the first for new Chairman Kevin Warsh. The central bank held rates steady, but inflationary pressures from higher energy prices could prompt it to raise them.
“I think it’s going to be interesting to see how the discussion went around the table, how incrementally hawkish are they leaning,” řekl Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments.
“That’s what investors and markets are going to be wondering: What is this new Fed chairman and updated (Fed policymaking body) looking for to decide the path of rates from here?”
Initial Jobless Claims data is due on Thursday, while full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weakness in the US labor market is accelerating,” said Kobeissi.
Key Events This Week:
1. June S&P Global Services PMI data – Monday
2. ADP Employment Change data – Tuesday
3. Fed Meeting Minutes – Wednesday
4. Initial Jobless Claims data – Thursday
5. June Existing Home Sales data – Thursday
6. IEA Monthly Report – Friday
We are one…
— The Kobeissi Letter (@KobeissiLetter) July 5, 2026
Also this week, SpaceX (SPCX) is set to join the Nasdaq 100 index, and another quarterly earnings season will begin this month.
Crypto Market Outlook
Crypto markets are holding gains this Monday morning in Asia, with total capitalization up 1.1% on the day to $2.26 trillion.
Bitcoin is leading the pack with a 2.7% gain over the weekend to reach $63,700 on Monday morning, its highest level for two weeks after its worst month for four years.
Ether prices did even better, with a 14% gain over the past week, closing in on $1,800 in early trading on Monday.
Altcoins were predominantly green at the time of writing, with Hyperliquid and Canton outperforming.
Příspěvek 3 Things That Could Impact Crypto Markets This Week se objevil jako první na CryptoPotato.














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