4 Things That Could Move Cryptocurrency Markets This Week

A busy week lies ahead on the US economic calendar, with more inflation data expected, while statements in the Middle East are heating up again.

Cryptocurrency markets spent the weekend in the red as hopes for a peace deal between the US and Iran remain fragile.

US stock market futures opened lower as investors awaited details of the US-Iranian talks in Switzerland, according to Kobeisi’s letter.

Meanwhile, President Trump has ramped up his rhetoric again, send On Social Truth Sunday:

“Iran must immediately stop its highly paid proxies in Lebanon from causing trouble. If they don’t, we will hit Iran very hard again, just like we did last week, but even harder!!!”

Economic events from June 22 to 26

The week begins with June S&P global PMI data on Tuesday, and May new home sales figures on Wednesday.

However, all eyes are on the May personal consumption expenditures report, the Fed’s preferred measure of inflation, due on Thursday.

The data comes on the heels of last week’s Federal Open Market Committee meeting, where policymakers kept interest rates steady while signaling a more inflation-focused monetary policy stance.

If the PCE index comes in hotter than expected, which is likely given rising energy prices, markets may price in smaller interest rate cuts, and risk assets could face pressure.

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“The June FOMC meeting, with half the committee leaning toward a tougher policy path, sent a hawkish jolt through markets.” He said Bloomberg analysts.

“Although Warsh did not offer his own plot point, his tone at the press conference seemed noticeably hawkish to us. A hot reading on PCE inflation is likely to reinforce this hawkish message.”

The current odds of a rate hike at the Fed’s next meeting in late July are around 40%. According to To the Fed’s CME monitoring tool.

This is followed by more economic data on Thursday with the first quarter GDP report in the US, highlighting the rate of economic growth.

Michigan June consumer confidence and inflation expectations data are scheduled to be released on Friday, wrapping up a busy week of economic reports.

Main events this week:

1. Global Purchasing Managers’ Index (S&P) data for June – Tuesday

2. New Home Sales Data for May – Wednesday

3. Inflation data for May – Thursday

4. GDP data for the first quarter of 2026 in the United States – Thursday

5. MI Consumer Confidence Data for June – Friday

6. MI Inflation Expectations Data for June – Friday

the…

– Al Qubaisi Letter (@KobeissiLetter) June 21, 2026

Crypto market forecast

Crypto markets Spent the weekend Most of it is fixed, with total capital around $2.3 trillion. More volatility is expected this week, and the path of least resistance is down.

Bitcoin is trading tightly around $64,000, where it was at the time of writing on Monday morning in Asia. There was a quick drop towards $63,000, but it quickly recovered. The weekly close was $63,267, forming a support base.

Ether prices remain at multi-year lows, struggling to make any progress above $1,700, while most altcoins remain in decline.