Global Economy and Crypto Market on High Alert This Week

This week promises to be a crucial period for the global economy and cryptocurrency market. Several key economic releases are scheduled to take place from major economies, including the US, South Korea, and China.

The US will release its April consumer price index (CPI), core CPI, producer price index (PPI) and retail sales figures, which could have a significant impact on interest rate expectations. In addition, South Korea and China will release macro indicators such as price indexes, exports, money supply, liquidity, and employment data.

For the cryptocurrency market, several major coins are scheduled to experience token unlocks. These include Avalanche (AVAX), Aptos (APT), Pump.fun (PUMP), and Arbitrum (ARB). Several network upgrades are also planned for this week, including a mainnet upgrade by STABLE and an eCash (XEC) network upgrade.

The upcoming economic releases may lead to increased market volatility. According to forecasts, if the figures come in below expectations, risk appetite is expected to recover; however, if they exceed expectations, crypto market volatility is expected to widen, leading to a bearish market trend.