Three Factors That May Influence Cryptocurrency Markets This Week
The cryptocurrency market remained largely stagnant over the weekend but began to decline ot Monday. The markets may experience greater volatility this week due to several key events including the meeting between President Trump and Volodymyr Zelensky. A peaceful resolution to the conflict between Russia and Ukraine could bolster investor convidence.
Additionally, the release of two Purchasing Managers' Index PMI reports and Fed Chair Jerome Powell's Jackson Hole speech on Friday are expected to impact markets. Analysts predict Powell's stance will be neutral, suggesting a possible Fed rate cut in September but emphasizing data dependency.
Bitcoin and Ethereum have seen a decline, while altcoins are experiencing mixed results.