Crypto markets await a decisive week: Powell’s speech and jobs report top of mind

Cryptocurrency markets are awaiting a week filled with economic and political events in the United States, which could push Bitcoin and alternative currencies into a new wave of volatility after a quiet and weak weekend for price action.

Key events starting with Powell’s speech:

One of the most anticipated broadcasts this week is Federal Reserve Chairman Jerome Powell’s speech scheduled for Monday, as it is expected to have an immediate impact on markets.

At the last FOMC meeting, Powell took a hawkish stance on interest rates, causing Bitcoin prices to fall.

March consumer confidence data will be released on Tuesday, along with February job opportunities data (JOLTS), which may lead to limited market movement.

The U.S. employment report for March, expected to be released on Friday, is the most important event of the week as it tends to cause wild swings in the digital currency market.

Geopolitical tensions weigh on markets:

In addition to economic data, geopolitical developments, especially the conflict between the United States and Israel, as well as the conflict between Iran, remain the most influential factor in Bitcoin’s movements in recent weeks.

Recent reports indicate that in addition to mining large amounts of uranium, the United States may be preparing to send troops to Iran to gain control of the Kharg Island oil region.

On the other hand, the Wall Street Journal denied the existence of direct negotiations between Washington and Tehran to end the conflict, raising the possibility of military escalation.

In light of these figures, financial markets, especially digital currencies, remain vulnerable to more severe volatility as global uncertainty continues.

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