3 Things That May Move Crypto Markets This Week
Crypto markets tanked hard over the weekend as Bitcoin retreated back to support at $112,000 as trade tariff economic uncertainty returned, quashing risk appetite.
Trump rolled out new “reciprocal” tariffs through an executive order, and a weak US jobs report caused markets to stumble late last week.
Trade tensions are back in the spotlight as President Trump moved ahead with import duties set to take effect on August 7. Meanwhile, trade talks with China have resumed ahead of a key review on August 12, when the traffic pause will expire, which could cause more volatility.
All eyes will be on key PMIs in the week ahead alongside jobs data and more earnings reports.
Economic Events August 4 to 8
July’s S&P Global…
