The upcoming week's macroeconomic data from the United States is set to dominate the trend of the crypto market. Key indicators include PCE inflation, initial jobless claims, housing prices, and new home sales, which will provide insight into the Federal Reserve's potential decision on interest rate cuts.
Bias in prediction markets and the CME FedWatch tool suggests a higher likelihood of the Federal Reserve keeping rates unchanged in June. Additionally, market participants are closely monitoring developments in the Middle East and fluctuations in oil prices, as rising energy costs could intensify inflationary pressures and negatively impact risk assets.