The upcoming week is expected to be a significant one for cryptocurrency traders, with several key macro events set to impact the market. The US-Iran agreement details are expected today, which could have a major effect on Bitcoin's price if a deal is confirmed.
A strong showing from Bitcoin in recent days has seen it trade above $76,700, but inflation and GDP data due out this week may present significant challenges to its progress.
The Bureau of Economic Analysis will release April personal income and outlays data on Thursday, which includes the closely-watched PCE inflation rate. Analysts are expecting a rise in headline PCE, which could put pressure on crypto markets by lowering hopes for rate cuts.