Cryptocurrency markets remained relatively flat over the weekend with low volatility and a total capitalization of around $2.3 trillion.
However, military action continued in the Middle East as US Central Command reported on Sunday that it was launching a new wave of strikes against Iran for the ninth night in a row.
She added, “The strikes will continue to weaken Iran’s military capabilities used to attack commercial ships and civilian sailors transiting the Strait of Hormuz.”
Meanwhile, crude oil prices jumped again, with WTI reaching $85 and Brent above $90, and US stocks continued to slow last week with inflationary pressures. He came back.
Economic events from July 20 to 24
There are no economic reports scheduled for Monday or Tuesday, and weekly unemployment claims will be released on Thursday. Friday sees the release of the Standard & Poor’s Purchasing Managers’ Index (PMI) for manufacturing and services, which generally reflects changes in economic growth conditions.
This week’s data will indicate whether the economy remains as strong as some recent figures have shown, following CPI inflation reports that came in below expectations last week.
“The deflationary trend that started in 2023 already appears to have remained intact,” Elmar Voelker, an analyst at LBBW, said in a note. According to To the Wall Street Journal. “Given this context, there is no indication that US monetary policymakers will decide to raise the benchmark interest rate at their next meeting.”
The Fed’s CME monitoring tool currently forecasts an 85.6% probability that interest rates will remain unchanged during the central bank’s next meeting on July 29.
Main events this week:
1. ADP Employment Change Data – Tuesday
2. Tesla, $TSLAalphabet, $GoogleEarnings Report – Wednesday
3. Initial unemployment claims data – Thursday
4. Intel, $INTCEarnings Reports – Thursday
5. S&P Global Manufacturing PMI data for July – Friday
6. July…
– Al Qubaisi Letter (@KobeissiLetter) July 19, 2026
This week also has some big tech earnings reports with Alphabet (Google) and Tesla releasing Q2 numbers.
Crypto market forecast
Cryptocurrency markets have moved little in the past 24 hours, with Bitcoin hovering around $64,700. The asset remains range bound between support at $62,000 and resistance just above $65,000.
Ethereum prices have achieved very little, hovering around $1,870, but have not given up recent gains. BTC closed another weekly candle above its 200-week moving average, which is a long-term trend indicator.
“To make this really interesting, you want to see a strong push higher now to trace that last leg down and back above the weekly 200 EMA.” He said Analyst Dan. “Until then, we’re stuck in this volatile $60,000 price range.”
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