$CFX Three factors that may move the cryptocurrency market this week, find out about them

1. Rising trade tensions:

The U.S. administration has imposed reciprocal tariffs that will take effect on August 7, while trade talks with China resume ahead of a key review expected on August 12.

The return of these tensions to the forefront may increase pressure on financial markets and lead to sharp moves in risk assets, including cryptocurrencies.

2. Influential economic data:

Markets are awaiting the release of the services Purchasing Managers' Index (PMI) data from Standard & Poor's and the Institute for Supply Management (ISM), which will reflect the state of the U.S. economy.