The earnings season kicks off with reports from major banks like JPMorgan, Citigroup, and Wells Fargo on July 15, followed by Bank of America, Goldman Sachs, and Morgan Stanley on July 16. Netflix, GE Aerospace, and PepsiCo are among those reporting on July 17.
These earnings could influence market sentiment, even in the cryptocurrency space, as investors assess the broader economic landscape.
There are also unconfirmed reports that Federal Reserve Chairman Jerome Powell is considering resigning. Although no official statement has been released, some participants in the cryptocurrency market see this as a potential positive for digital assets. FHFA Chairman William Pulte stated on social media:
"A move like this by Jerome Powell would be the right direction for the United States."