3 Things Could Impact the Crypto Market in the coming week

There was little chance of breathing over the Easter weekend, and no deal was announced. Meanwhile, U.S. President Donald Trump published a list of “non-tariff cheating” and pointed out that those who criticize tariffs are “busy”.

A significant decline in consumer sentiment and a surge in household inflation expectations suggest that if the situation continues, it is unprecedented economic weather.

Fed Chairman Jerome Powell also contributed to the waning investor sentiment, criticizing Trump’s tariffs, while POTUS beat back and threatened to fire the central bank.

If there is a large fluctuation, this week’s economic data and consumer sentiment reports could further impact central bank monetary policy. “All signs indicate greater volatility this week,” Kobeissi letter said.

Economic events from April 21 to 25

The first major report of the week was when global service and manufacturing PMI data were released on Wednesday. The data provides leading economic indicators used by economists and analysts to understand the changing economic situation.

The March durable goods order report will expire on Thursday, measuring the cost of orders received by manufacturers for durable goods such as vehicles and appliances. Large tickets like this are more susceptible to economic changes and are related to consumer sentiment.

April’s Consumer Sentiment Index and Consumer Inflation Expectations report will be released on Friday. These reports depict the results of monthly confidence levels in consumer and consumer perceptions of long-term inflation.

Key events of the week:

1. S&P Global Services/Manufacturing PMI Data – Wednesday

2. New home sales data in March – Wednesday

3. March durable item order data – Thursday

4. Current home sales data in March – Thursday

5. A total of 8 Fed Speaker events

6. About 20% of S&P 500 companies…

– Kobeissi Letter (@KobeissileTter) April 20, 2025

Adam Posen, president of the Peterson Institute for International Economics, said last week that the United States cannot escape the “imminent wave of inflation” and that the government looks “not prepared enough to respond.”

He added: “If we get inflation, the Fed will lag behind the curve, which means further speeding up the tax rate, and the Fed’s monetary policy on inflation risks is “too loose”, which helps the risk of inflation.

Additionally, about 20% of S&P 500 companies, including Tesla and Google, will report earnings this week, which could be a tough quarter for Big Tech.

Crypto market prospects

The crypto market has begun to take the lead in the green week, as Bitcoin has always been. BTC has recovered $87,000 for the first time since late March, with a total capitalization of about $2.84 trillion.

Analysts say Bitcoin has moved away from the downward wedge pattern, which could see a reversal of the three-month downward trend.

Ethereum, XRP and Binance coins registered secondary earnings, but Bitcoin is leading the market this Monday.