Crypto Week Ahead is a comprehensive list of what’s coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets.
Crypto traders will hope the week offers a reprieve to months of geopolitical anxiety that has stifled risk assets following Sunday’s announcement of an interim peace deal between the U.S. and Iran
Bitcoin climbed to nearly $66,000 on Monday, almost 3.5% above Friday’s level, while cryptocurrency-linked equities including Strategy (MSTR) and Galaxy (GLXY) advanced in pre-market trading. There’s still a note of caution, though. A ceasefire in April fell apart, and U.S. strikes broke another truce last month, with crypto prices taking a hit.
Wednesday sees Kevin Warsh’s first interest-rate decision as Federal Reserve chair. The forecast is for no change in the current level. The introduction of a fresh dot plot — which charts individual Fed policymakers’ interest-rate projections — combined with a shortened trading week due to Friday’s Juneteenth federal holiday, suggests liquidity will likely decline.