Anticipating Market Surge: Will This Week’s Economic Data Boost Crypto Coins?

• Markets have rebounded strongly following last week’s Federal Reserve pivot with total crypto capitalization returning to pre-pullback levels, closing on $2.5 trillion again over the weekend.
• This week’s economic calendar will be less volatile than last week’s with multiple macro-related news expected, but with limited impact.
• Crypto derivatives provider Greeks Live has noted that the Fed has maintained current rates in recent months.

Following a strong rebound in the markets after last week’s Federal Reserve pivot, the total crypto capitalization has returned to pre-pullback levels. This week’s economic calendar is expected to be less volatile.

Economic Calendar for the Week

March’s Consumer Credit Change will be reported on Tuesday, providing insight into the change in the total amount of outstanding credit extended to individuals for personal expenditures. This data is closely watched by investors and analysts due to its strong correlation with both consumer confidence and expenditures.

Key Events and Market Impact

Initial Jobless Claims data is due on Thursday and is expected to show a slight increase from the previous month. On Friday, the preliminary reading of May’s Michigan Consumer Sentiment Index will be released, providing results of a monthly survey of consumer confidence levels. Additionally, May’s preliminary Con... Read the full article for FREE at COINOTAG!