This week, the crypto markets are poised for potential volatility as significant U.S. economic data and Nvidia's earnings report are set to be released. Federal Reserve Chair Jerome Powell's recent remarks have already stirred market sentiment, suggesting possible shifts in monetary policy. Key economic indicators to watch include the US PCE inflation report, consumer confidence data, and Q2 GDP growth figures.
In the crypto space, Bitcoin has returned to support levels around $113,000, while Ethereum hit an all-time high before pulling back. Altcoins are experiencing mixed results, with Chainlink and Hyperliquid posting gains, whereas Tron, Bitcoin Cash, and Litecoin have seen declines. Nvidia's earnings, expected to show a 48% rise in earnings per share, alongside these economic indicators, could significantly influence market dynamics.
Crypto Markets Brace for Key Economic Data and Nvidia Earnings
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