3 Key Catalysts That Could Send Bitcoin and Crypto Markets Soaring or Crashing This Week
Brace for impact—these seismic shifts could redefine crypto's trajectory in just seven days.
Macro tremors meet market manipulation as traders strap in for a volatile ride.
From regulatory curveballs to whale-sized moves, here's what could detonate next.
Remember: in crypto, 'risk management' is just what hedge funds call gambling with other people's money.
Economic Events June 30 to July 4
June’s ISM Manufacturing Purchasing Manager’s Index (PMI) is due on Tuesday. This report shows business conditions in the manufacturing sector and serves as a significant leading indicator of overall economic conditions.
There are also job openings data due on Tuesday, which could reflect conditions in the labor market.
Wednesday and Thursday will see more labor market reports, with nonfarm payrolls and unemployment figures released. These reports represent the number of new jobs created during the previous month, along with the percentage of people actively seeking employment.
They are significant economic indicators, as the shift in the number of jobs is strongly associated with overall economic health.
June’s ISM Services PMI, due on Thursday, will reflect business conditions in the services sector and is another leading economic indicator.
Traditional markets are closed on Friday for the July 4 celebrations as we enter the second half of the year.
Crypto Market Outlook
Digital asset markets remained flat over the weekend but gained during early Asian trading on Monday morning to reach $3.46 trillion in total capitalization.
Bitcoin has reached a two-week high, tapping $108,750 in early trading on Monday, but it faced resistance there yet again and fell back to $108,500 at the time of writing. The assed has struggled at this level at least five times over the past week where it has been rejected.
Ethereum is doing a little better, having reached its support-turned-resistance level of $2,500 on Monday morning after a 2.8% gain.
The altcoins were mostly in the green with minor gains, but Hyperliquid (HYPE) was leading the pack, adding 7.5% on the day to top $40.
