Why This Week Is Important for the Crypto Market?

The Bitcoin and crypto markets experienced an incredibly bullish week, with BTC prices surging by 14.5% and reaching a new yearly high of $31,432

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Bucking the trend in the US equity markets, the crypto market continued its upward trajectory fueled by the news of the BlackRock Bitcoin ETF

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Get ready for a week filled with important events that could shape the future of Bitcoin and crypto prices

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From the Fed's chairman's remarks to the stress test results of US banks, the market is on high alert

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Fed Chairman Jerome Powell takes center stage once again on June 28. All eyes will be on his comments about interest rates and monetary policy

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The stress test results of US banks are eagerly awaited on Wednesday. The market anxiously watches to see how healthy the banking system is and which banks may struggle

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The release of the preliminary US GDP figures on June 29 brings hope for a stable US economy. If the forecasted 1.4% growth is confirmed or exceeded, it could provide a positive boost for both traditional and crypto markets

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Core PCE data for May, to be released on June 30, holds importance for the Fed's decision-making. The impact on the likelihood of a rate hike will be closely monitored by crypto enthusiasts

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It's a pivotal Friday for the Bitcoin market! With BTC closing its monthly and quarterly candle, and a record-breaking $5 billion in Bitcoin options expiring, brace yourself for heightened volatility.