There is a lot of economic data this week, and the digital currency market is expected to see greater fluctuations.

The digital currency market is bracing for a volatile week as the digital currency market prepares for a volatile week, with Bitcoin prices falling again at the end of Sunday, falling below $88,000 at one point, before recovering to nearly $89,000 in Asian markets on Monday morning.

“Kobeissi Letter” account

Although some cryptocurrency companies received conditional approval to transform into national credit banks, this did not succeed in supporting the market.

In addition to the purchasing managers’ index, retail sales and employment data will be released this week, and inflation data will be released on Thursday and Friday, especially the consumer price index and personal consumption expenditures index, which are important factors guiding market expectations and Fed policy.

In the cryptocurrency market, Bitcoin led the decline, while Ethereum price remained above $3,000, while most altcoins remained under pressure.

Overall, volatility is expected to continue in the coming days, especially given the amount of economic data expected to be released.

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