- From April 6 to 12, the US will release several important reports, including consumer price inflation data for February.
- In addition, the US Federal Reserve will meet this week to determine whether to lower or raise interest rates.
This week, the crypto market’s attention is focused on the situation in the Middle East, as Donald Trump has made a statement to Iran new ultimatumHowever, according to Happy Coin News, it is not only this event that will impact the digital asset sector.
Cryptocurrency markets rallied Monday morning as Trump effectively pushed back the deadline for US strikes on Iranian power plants for the fourth time.
Clearly, the recovery is driven by economic activity. Indeed, ISM non-manufacturing data for March is due on Monday. The Federal Reserve’s meeting on Wednesday will clarify the future of interest rates.
Thursday also marks important events: the third estimate of fourth-quarter GDP and consumer price inflation data for February will be released, while on Friday the consumer price inflation report for March and the University of Michigan inflation expectations data for April will be released.
On Thursday, weekly jobless claims data will be released, and on Friday, the Michigan consumer survey for April will be released.
Upcoming consumer price index data for March will reflect a primary rise in energy prices, even if the US is somewhat shielded from this by being a net exporter of oil and gas, the report said. analysts’ note AJ Bell.
Particular attention will likely be paid to the core measure, which excludes volatile food and energy prices, to understand whether the inflationary trend is spreading across the economy.
Cryptocurrency markets have risen 3% in the past 24 hours, reaching a nearly two-week high of $2,45 trillion.
The growth leader was Bitcoin, again exceeded The $69,000 mark was reached after a weekend of fluctuations below $67,000. However, the BTC price remains in a two-month sideways channel.
BTC Price Data from CoinGecko
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