Bitcoin hovered around $64k over the weekend. Meanwhile, Ethereum steadied at $1,700.
The biggest macro inputs remain U.S. rates, and last week’s Fed meeting highlighted that Kevin Warsh is still a key wildcard for risk assets, as a firmer dollar or tighter real-rate expectations can pressure Bitcoin. Oil and geopolitics matter indirectly if they reprice inflation and rate expectations with the reopening of the Strait of Hormuz, which could trigger energy shocks that keep inflation sticky.
CoinMarketCap’s Crypto Fear and Greed Index remains stable at 21.
What Traders Should Watch Out for This Week
The primary macro inputs continue to center on essential Fed commentary, U.S. inflation data, and labor-market releases, which remain major wildcards that could swiftly shift rate-cut projections. Furthermore, any liquidity crunches or risk-off sentiment stemming from geopolitical friction, trade shifts, or energy volatility could reprice inflation and pressure Bitcoin.
Traders should monitor shifting yields alongside BTC ETF momentum, as these factors could trigger a broader rally for altcoins.
Here are the major economic indicators to watch out for this week:
- June 23: US Flash Manufacturing and Services PMI
- June 24: New Home Sales and Federal Reserve Board releases annual bank stress test results
- June 25: Durable goods, 3rd estimate GDP, weekly jobless claims, personal income, M/M%, consumer spending, M/M%, PCE core price Index, Y/Y%
- June 26: Advance economic indicators report, wholesale inventories, retail Inventories, U. Michigan final consumer survey
