$BTC
💰The crypto market in the upcoming week will be influenced by several key events that could determine the direction of prices and investor sentiment.
🟡On Monday, financial markets are likely to react to escalating tensions in the Middle East; Iran has stated it is not willing to negotiate a ceasefire with Israel.
🟡Today, the monthly OPEC report will also be released, which outlines the trends in oil production and supply and could impact energy prices and consequently financial markets.
🟡The May retail sales report will be published on Tuesday, indicating the health of the U.S. economy and potentially affecting inflationary pressures.
🟡The most important event of the week is the Federal Reserve's decision on interest rates on Wednesday. Market participants expect with a 96.7% probability that interest rates will remain unchanged. It is worth noting that U.S. markets will be closed on Thursday due to the Juneteenth holiday.
🟡The Philadelphia Fed Manufacturing Index will also be released this week, indicating the state of production and factory activity in the Philadelphia area and providing an overall view of economic health.
