3 Things That Could Impact Bitcoin and Crypto Markets in Week Ahead
US stock markets surged last week, with major indexes approaching all-time highs on the easing of tensions in the Middle East and rising hopes for a Federal Reserve rate cut later this year.
Crypto markets were a little slower to react, remaining mostly flat over the past week and into the weekend.
The Fed’s preferred inflation gauge, core PCE, showed that price increases accelerated in May, raising inflation concerns. Fed Chair Jerome Powell said last week that he expects to see a pickup in inflation this summer, but reiterated his “wait and see” approach.
On Sunday, President Trump commented on the July 9 deadline for the 90-day tariff pause, stating, “I don’t think I need to extend it, but could.”
