Crypto markets are showing positive trends amid ongoing trade talks between the United States and China. Several key economic reports are expected to influence the market.
Trade Talks and Their Impact on the Market
Crypto markets have held their positions over the weekend as the US and China engaged in trade discussions, although no official deals were announced. Reports also surfaced regarding a list of 20 priority countries for early trade negotiations, including Japan, South Korea, and Vietnam.
Key Economic Events This Week
This week, key economic reports are set to be released, including the Consumer Price Index (CPI) for April on Tuesday, followed by the Producer Price Index (PPI) and Retail Sales on Thursday. These reports are important for understanding inflation and consumer sentiment.
Crypto Market Outlook
The crypto market capitalization dipped slightly to $3.45 trillion during the Monday morning Asian trading session. Bitcoin traded around $104,000, just 4.4% shy of its all-time high. Ethereum surged more than 40% over the past week while maintaining significant levels.
Crypto markets remain under pressure from uncertainty, but positive economic data may support the market. Stay tuned for key economic reports this week.
