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Can Crypto Markets Recover on This Week’s Economic Data and Earnings?

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Crypto markets have been battered over the past week but started to show signs of recovery during the Monday morning trading session in Asia.

Markets will also focus on earnings, with this week’s releases spread between various economic sectors including banking and finance.3. Existing Home Sales data – ThursdayMonday will see the release of the March US retail sales data which could affect the Federal Reserve’s monetary policy. Recent hotter-than-expected inflation figures have added to concerns that the Fed may leave rates unchanged for longer.

On Thursday, jobless claims numbers will be seen potentially impacting spending power if there is an unexpected increase.

 

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