4 Things That May Move Crypto Markets This Week as Fed Rate Hike Odds Increase
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Crypto markets ticked up Monday as investors brace for a volatile week with focus on the US central bank. Geopolitical de-escalation — Iran saying it will halt attacks if the US does and the US pausing its bombing campaign on Friday after 13 nights of strikes — pushed oil lower and lifted US stock futures and crypto, signaling near-term bullish sentiment for risk assets.
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Crypto markets have ticked up this Monday morning as investors brace for a volatile week ahead, with all eyes on the US central bank. Meanwhile, Iran said it will halt its attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday.
The US paused its bombing campaign on Friday following 13 nights of intensifying airstrikes. The development has caused a dip in oil prices and a jump in US stock futures and crypto markets.
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