
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The BTC skyrocketed to $50 000 but dropped just below this level as investors started closing orders to take profit. The total crypto market cap has surpassed $1.5 trillion. That rally was triggered by a seismic shift in investors’ attitude.
More and more big players such as large corporations and Wall Street fund managers changed their minds towards digital assets and started taking them seriously. Here are few examples.
Moreover, these companies are going to benefit from their appeal to cryptocurrencies. For example, PayPal has already surged by nearly 40% since it announced payments in crypto. Apple should be the next one to gain. One by one, big companies will join the crypto world.
No doubt that cryptocurrencies will rally further up, and the king bitcoin especially. Now BTC/USD takes a breath, but in the upcoming week, it has all chances to surpass the $50 000 threshold.
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Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
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