Crypto market capitalization rises to $2.26T amid Bitcoin and Ether gains; upcoming Federal Reserve meeting minutes and economic data may drive volatility.
Macro & Markets ·
Crypto markets moved higher over the weekend, with total capitalization climbing to $2.26 trillion as Bitcoin gained 2.7% and Ether surged 14% over the past week. The gains come as markets prepare for a week of significant economic releases and central bank communications that could reshape near-term price action.
The coming days will deliver several data points capable of influencing monetary policy direction. The Federal Reserve's meeting minutes are due Wednesday, marking the first release under new Chair Kevin Warsh, with investors seeking clarity on the Fed's stance toward inflation and future rate decisions. ADP Employment Change data arrives Tuesday, alongside the June S&P Global Services PMI, while Initial Jobless Claims and June Existing Home Sales reports are scheduled for Thursday. Separately, the US stock market reached a record capitalization exceeding $80 trillion, representing approximately 48% of global market cap.
Market participants expect earnings season to introduce volatility in the week ahead. Bitcoin recently posted its worst month in four years before recovering to around $63,700, while Ether approached $1,800. What remains unclear is how aggressively the Fed's updated policymaking body will lean toward tightening in response to persistent inflationary pressures.