Three Things That Could Influence Crypto Markets This Week

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Three Things That Could Influence Crypto Markets This Week
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Crypto markets have cranked over the weekend, with more than $100 billion being added to total market capitalization.Here are a few things to keep an eye out for in the week ahead as the main market catalyst appears to be shifting to the earnings season.Last week’s CPI report showed the first month-on-month decline in inflation in four years, and markets reacted positively.

Industrial production reports are due on Wednesday showing the volume of production of U.S. industries. However, this shouldn’t impact crypto markets. “Earnings season is going to lead us right into the July Fed meeting, and volatility is back,” commented the Kobeissi Letter in a post on X on July 14.

Last week, Powell’s testimony before Congress boosted investor sentiment, sparking a slew of interest rate-cut bets and increasing the odds of two rate cuts, with the first one in September.

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