Major Economic Data and Fed Speeches Ahead as Crypto Markets Hover Near $1.5 Trillion
-
There are several major economic data releases and Fed speeches happening this week that could impact market sentiment, including GDP, inflation, manufacturing data, and a speech by Fed Chair Powell.
-
Forecasts for the economic data are bullish overall, indicating continued economic recovery and growth.
-
Crypto market capitalization reached its highest level since early May over the weekend, nearing $1.5 trillion.
-
Bitcoin and Ethereum prices have retreated slightly from weekend highs but remain in an uptrend.
-
The economic data and Fed speeches this week are unlikely to directly trigger big moves in crypto markets, but improving investor sentiment could bring more interest to the asset class.