Crypto Market Volatility: Key Factors Shaping the Coming Week

Last week saw stock markets surge while crypto markets experienced a slight downturn. This was largely due to weak inflation readings and optimistic expectations about trade deals in the Middle East. However, rising US Treasury yields are once again putting pressure on investors. The recent Moody’s downgrade of US credit rating presents both an opportunity and a challenge for assets such as Bitcoin and gold. Economic indicators like PMI data this week may offer a more accurate picture of the US economy’s current state.