Three Things Crypto Investors Should Watch This Week
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Crypto markets were flat over the weekend after a week that saw $140 billion leave the space, pressuring token prices and fundraising and token launch activity. US strikes on Iranian military targets following Iran’s drone attack on a commercial ship raise geopolitical and security risk for crypto adoption and market sentiment. The TradFi fear and greed index fell to 24.8, the lowest since early April, and upcoming labor market data could influence Fed policy and CEX/DeFi liquidity.
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Crypto markets remained flat over the weekend following a week of heavy losses that saw a further $140 billion leave the space. Military action in the Middle East resumed with the US conducting strikes on Iranian military targets at multiple locations in response to Iran’s drone attack on a commercial ship.
Meanwhile, the TradFi fear and greed index is now down to 24.8, the lowest since early April, reported the Kobeissi Letter. The week ahead is heavy with labor market data, which could further influence the Federal Reserve’s monetary policy.
Predictions Markets
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