What to look for this week in crypto?
|The crypto market faces a big week ahead, shaped by U.S. economic data, corporate earnings, ETF moves, and Bitcoin’s technical signals.
The coming days could be crucial for Bitcoin and the broader crypto market. Several factors are lining up to create potential volatility.
First, the U.S. Federal Reserve’s interest rate decision and jobs data will be major drivers. Investors will watch closely to see if rates stay unchanged and whether the job market shows signs of slowing down, both of which could impact risk appetite across assets, including crypto.
Second, earnings reports from tech giants like Apple and Amazon could spill over into the crypto market. If results disappoint and stocks tumble, Bitcoin might feel the pressure too, given its growing connection to tech and Wall Street sentiment.
Third, new Bitcoin ETF flows will also be under scrutiny. If inflows pick up again after last week’s slowdown, it could signal fresh bullish momentum. On the other hand, continued outflows might add selling pressure.
Finally, Bitcoin’s price action is nearing critical support levels. If bulls can defend them, a rebound could follow. If not, further corrections may be on the horizon.
Overall, this week’s mix of macroeconomic news, corporate earnings, ETF flows, and Bitcoin’s chart performance could set the tone for crypto’s next big move.
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