3 Things That May Move Crypto Markets This Week đ
CryptoPotato has reported on Tradingview that crypto markets took a hit over the weekend, with Bitcoin sliding to $112,000 amid economic uncertainty sparked by new âreciprocalâ tariffs from President Trump and a weak US jobs report đ.
Trade tensions are heating up as import duties loom on August 7, with US-China trade talks resuming before a key August 12 deadline, potentially fueling more volatility âĄ.
This week, investors are eyeing critical economic indicators like the S&P Global Services PMI on Monday and ISM Non-Manufacturing PMI on Tuesday, which could signal further economic slowdown đ. Fed Chair Jerome Powellâs speech at the Kansas City Fedâs forum is also in focus for hints on future rate cuts đŹ.
Meanwhile, jobless claims data on Thursday may reflect labor market struggles. Despite the dip, crypto markets bounced back slightly, with total capitalization hitting $3.8 trillion. Bitcoin climbed to $114,500, while Ethereum recovered to $3,560, holding its range đŞ. With earnings from tech giants like Palantir and AMD, volatility is back in full swing đ.
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