Crypto Market Volatility Amidst Economic Data Releases

The cryptocurrency market experienced a pullback this week following an upward trend from the previous week. This anticipated movement is driven by decreased volatility and upcoming economic data releases next week. Bitcoin faces potential for a double top, lacking significant intervention to counter it. Meanwhile, Ethereum, after reaching a record high last Saturday, has seen further corrections. Although Ethereum’s outlook appears more favorable than Bitcoin’s, its performance remains closely tied to Bitcoin’s trends. The upcoming week features key economic data releases that may influence market sentiment.