cryptd.in

Alternativ LinkedIn för kryptovänliga talanger

4 Things That May Move Bitcoin and Crypto Markets This Week

-

av

cryptd.in
i

Crypto markets are back in the red this Monday morning in Asia as fear, uncertainty, and doubt return to the space.

Additionally, US stock market futures have fallen at the open as markets react to President Trump’s “48-hour deadline” for Iran to open the Strait of Hormuz.

The week ahead includes key inflation and labor market data releases, and there is now discussion of potential interest rate increases amid the threat of higher inflation stemming from the oil crisis and fuel shortages.

WTI crude had fallen back below $100 at the time of writing, but Brent crude was still around $112 per barrel.

Economic Events March 23 to 27

The purchasing managers’ survey (PMI) for March is out on Wednesday, providing a key gauge of how the ongoing war has impacted sentiment and business activity.

“This is significant because it’s one of the first economic indicators we’ll get that cover the period since the conflict began,” Deutsche Bank economists said in a note, according to the WSJ.

Thursday will see the initial jobless claims report, a key indicator of labor market health and one of the Federal Reserve’s two primary mandates for policy decisions.

“Hence why we still feel the Fed is more likely to cut than hike rates,” ING economist James Knightley wrote in a note.

Friday brings the March MI Consumer Sentiment and Inflation Expectations reports, which shed more light on general economic conditions.

Consumers are likely to be hit the hardest by rising oil prices, Ryan Sweet, chief global economist at Oxford Economics, told CBS News over the weekend.

“To kind of put it into context, every penny increase in gasoline prices reduces consumer spending by one and a half billion dollars over the course of a year,” he said.

Inflationary pressures and tightening wallets are generally bearish for high-risk assets such as crypto.

Crypto Markets Retreat

This can be seen in the ongoing bear market, with most digital assets wiping out gains from last week’s rally over the weekend.

Total capitalization is down 1.3% on the day to $2.42 trillion at the time of writing during Monday morning trading in Asia.

Bitcoin fell back below $68,000 on Sunday but had recovered to just above it by Monday morning. However, increasing economic pressure is likely to send it further downwards.

Ether prices are equally weak, with the asset falling to $2,033 before a minor recovery. ETH is unlikely to remain above $2,000 this week.

The altcoins are all in the red again, with larger losses for XRP, Cardano, Hyperliquid, and Stellar.

Inlägget 4 Things That May Move Bitcoin and Crypto Markets This Week publicerades först på CryptoPotato.

Kommentarer

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *

Senaste flödena

Populära kategorier

sv_SE Svenska
sv_SE Svenska en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina

Sök på webbplatsen

Populära berättelser

Etiketter

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenVal (1) #BinanceVsCoinbase (1) #Bitcoin (429) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHantering (1) #BitcoinPris (5) #BitcoinPrisnivå (1) #BitcoinPump (1) #BitcoinReserv (1) #BitcoinSurge (1) #BitcoinTopp (1) #Bitfinex (1) #Bitwise (1) #BracebridgeKapital (1) #BRC20Token (1) #BTCförvärv (1) #BullishPrediktion (1) #BullishSentiment (1) #Ckinesisk gruvdrift (1) #CPIPrecension (1) #Cryptotillgång (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #Cryptoinsikter (1) #CryptoMania (1) #CryptoMarknaden (4) #Cryptoförutsägelse (1) #CryptoFörutsägelser (1) #CryptoReglering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOvisshet (1) #DerivativJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinVolym (1) 1TP5Holländska domstolen (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (69) #EthereumSmärta (1) #EthereumPris (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Finansiell påverkan (1) #FinansiellIntegritet (1) #FirmAvstängning (1) #FrystaKonton (1) #IllicitFonder (1) #InflationData (1) 1TP5Investeringar (1) 1TP5Investeringsförlust (1) #JapanskFirma (1) #LegalAction (1) #Laglig påverkan (1) #Lagstiftning (1) #LightningNätverk (1) #MMarknadsanalys (3) #MarknadenÖvervakning (1) #MarknadenPrediktion (1) #MarknadenFörutsägelser (1) #MarknadenProjektering (1) #Marknadsstöd (1) #MarknadenVolatilitet (1) #M Äktenskap (1) #MemeCoin (5) #MemeCoins (2) #MinerLönsamhet (1) #MpengarTvätt (2) #MtGox (4) #NordkoreaKrypto (1) #NovogratzPrediktion (1) #PrisMilstolpe (1) #PrisPrediktion (2) #PrisFråga (1) #Prisökning (1) #PrisonStraff (1) #QuantAnalys (1) #Regleringstryck (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialaBuzz (1) #Tteknisk analys (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashUtvecklare (1) #UKCrypto (1) #UpsidePotential (1) #USKongressen (1) #WyomingLand (1) #XRPPris (1) #XRPuppsving (1)

Användbara länkar

Länkar som jag tyckte var användbara och ville dela med mig av.