Key Factors Influencing Crypto Markets This Week
As crypto markets remain stable, major inflation data in the US may trigger fluctuations in the coming week.
Crypto markets have remained stable over the weekend, but fresh activity is anticipated as Asian trading commences on Monday morning. This week will bring significant inflation reports that could influence market behavior, as investors monitor the Federal Reserve’s upcoming decisions regarding interest rates. Additionally, reactions to US President Trump’s recent suggestion for a 10% limit on credit card interest rates could also impact market dynamics.
“This week is a perfect storm! Politics, inflation, housing, and tariffs are all colliding. Buckle up, volatility is the real headline,” said ‘Money Ape’.
Economic Events: October 1 to 7
- CPI inflation data for September will be released on Tuesday, an important indicator for Federal Reserve policymakers as inflation remains above the target of 2%. It is expected that rates will remain unchanged in the near future, with a possibility of reductions later this year.
“We believe falling energy prices, slowing housing rents, and weakening wage growth will allow the annual inflation rate to head back towards 2% around the turn of the year,” noted economists from ING, as reported by the WSJ.
- PPI inflation data for August will be available on Wednesday, providing further insights into inflation trends.
- Expect reports on new home sales from previous months, alongside jobless claims on Thursday and industrial production data on Friday.
Key Events This Week:
- Reaction to Trump’s Call for 10% Credit Card Rate Cap – Monday
- September CPI Inflation Data – Tuesday
- August New Home Sales Data – Tuesday
- August PPI Inflation Data – Wednesday
- US Supreme Court Tariff Ruling Expected – Wednesday
Several major financial institutions are entering earnings season this week, notably including JPMorgan, Wells Fargo, Morgan Stanley, and Goldman Sachs.
Crypto Market Outlook
Over the weekend, there was minimal movement within crypto markets, with total market cap lingering just under $3.2 trillion. However, momentum appeared to shift on Monday morning as Bitcoin climbed by 1.7%, reclaiming the $92,000 mark—its highest since Wednesday. Although it faces substantial resistance at $94,000, Ether also made gains, reaching $3,150.
Altcoins showed varied performance, with notable increases in Solana, Cardano, and Monero, spiking 23%.
