On Sunday, Iran declined an invitation to participate in a new round of peace talks with the United States, restating Iran’s intention to restrict shipping traffic via the Strait of Hormuz.
Bitcoin traded around $74K while Ethereum stabilized around $2,200, slightly dipping.
CoinMarketCap’s Crypto Fear and Greed Index stands at 51, indicating cautious optimism amidst geopolitical tensions.
What Traders Should Watch Out for This Week
Markets are watching out for how Iran will react in the next few days. An escalation could thrash markets, while de-escalation may lead markets to rally on a longer truce.
In other news, central banks are eyeing rate hikes due to inflation, which could damage prospects for a crypto rally.
Here are the major economic indicators to watch out for this week:
- April 21: U.S. retail sales, business inventories
- April 23: Initial jobless claims, S&P flash U.S. services PMI, S&P flash U.S. manufacturing PMI
- April 24: Consumer sentiment (final)
