This week could bring more ups and downs for the crypto market as important economic data is released in the U.S.
Here’s what to watch:
Economic Reports: Several key reports will come out this week:
🔸 Monday: The S&P Global Services PMI report, which shows how businesses in the services sector are doing.
🔸 Tuesday: Consumer confidence reports, indicating how people feel about the economy.
🔸 Thursday: Weekly jobs data, durable goods orders, and updates on GDP and home sales.
🔸 Friday: The Personal Consumption Expenditures (PCE) price index report, which helps measure inflation.
Bitcoin has been trading around $63,000 and recently climbed close to $65,000, showing a 9% gain over the past week. Ethereum has also performed well, reaching over $2,600 and gaining 14.5% this week.
All these event could affect crypto prices significantly! Keep an eye on them.
Let’s keep learning about crypto together! 🤝
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