Cryptocurrency markets are at an all-time high of $4 trillion, raising interest in upcoming economic events and their impact on the market.
Overview of the US Economy
Recent economic data confirmed an improving situation in the US, with retail sales rising and jobless claims falling. Additionally, CPI and PPI reports show core price stability.
Upcoming Economic Events
This week will see reports on existing home sales, manufacturing and services PMI, and durable goods orders. While these reports provide insight into economic conditions, they historically have little impact on high-risk assets.
Cryptocurrency Market Outlook
The total market capitalization has retreated slightly from its weekend peak; however, cryptocurrencies like Bitcoin and Ethereum continue to show strong performance. Bitcoin fluctuated around $118,000, while Ethereum reached $3,800.
The current state of the cryptocurrency markets and upcoming economic events create interesting opportunities for analysis and observation of future trends.
