The First Week After Negotiation Breakthrough: How Geopolitical Conflicts, Macroeconomics, and Corporate Earnings Reports Will Influence the Crypto Market

On Monday morning in Asia, the cryptocurrency market already responded to the breakdown of the US-Iran negotiations over the weekend, with the total market capitalization dropping by about $70 billion, falling slightly below $2.4 trillion.

As a result, Bitcoin's price temporarily fell to $70,500; Ethereum also dropped below $2,200; most other altcoins retraced all of last week's gains.

According to market reports, President Trump is considering resuming "limited military strikes" against Iran, while the US continues to enforce a blockade in the Strait of Hormuz.

Trump stated on Truth Social that Iran's promise to reopen the Strait of Hormuz was knowingly unfulfilled, causing anxiety, chaos, and suffering for many countries and people worldwide.

Less than a week after the ceasefire began, he increased his threatening rhetoric, saying he would resume airstrikes at an "appropriate time" and claimed the US military is "fully prepared."

Meanwhile, everyone's focus is on how oil and stock markets reacted to the weekend events. Crude oil prices have risen to about $104 per barrel, while stock index futures generally showed weakness.

In terms of economic data, the most anticipated release this week is Tuesday's March Producer Price Index (PPI) inflation data. Since last week's Consumer Price Index (CPI) already indicated a surge in energy prices driving inflation higher, the PPI may further confirm this trend.

Additionally, on Thursday, the Philadelphia Fed Manufacturing Index and initial unemployment claims will be released, along with ten speeches by Federal Reserve officials this week, all of which will set the tone for interest rate movements.

Currently, the market is broadly concerned that a further rise in inflation could force the Fed to restart rate hikes, which is not good news for crypto assets.

Furthermore, major Wall Street banks such as Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup will release their earnings reports this week. Investors will focus on their outlooks for the macroeconomic environment and how rising oil prices impact consumption and corporate profits.

Overall, geopolitical conflicts, inflation pressures, and upcoming corporate earnings reports may collectively shape the crypto market's trend this week. Investors need to stay vigilant and be prepared for sharp market fluctuations.

#宏观经济数据 # Earnings Season