Crypto Markets May Get Wild This Week – Here’s What Could Happen

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Ah, the Easter weekend, a time for rest and relaxation—unless, of course, you’re tracking the markets, in which case, rest was nowhere to be found. No trade deals, no breakthroughs, just the unyielding humdrum of financial uncertainty. Meanwhile, US President Donald Trump found time to publish a “non-tariff cheating” list and scold anyone daring to criticize his tariffs as “bad at business.” Oh, the drama!

As if that weren’t enough, consumer sentiment took a dip, and household inflation expectations surged. Clearly, this is not a time to break out the champagne. The economy is looking a tad turbulent, if you ask me, and we can only hope the storm doesn’t turn into a full-blown financial tempest.

Then, of course, there’s Jerome Powell, the ever-so-charming Federal Reserve Chair, who added a pinch of salt to the wound by criticizing Trump’s tariffs. Naturally, Trump fired back, threatening to fire the Fed Chairman. Ah, nothing like a good old-fashioned political spat to keep us all entertained, right?

This week promises more drama, with economic data and consumer sentiment reports that may sway central bank policy. “All signs point to more volatility this week,” said the ever-optimistic Kobeissi Letter. No surprises there!

Economic Events April 21 to 25

Our first bit of excitement comes on Wednesday, when the Global Services and Manufacturing PMI data will be released. These reports serve as early warning systems for economists and analysts trying to predict the state of the economy. It’s like a weather forecast, but for money—very important, yet still unreliable!

Thursday brings us the March Durable Goods Orders report, which tracks the cost of orders for items like cars and appliances. If people stop buying shiny new things, it’s probably a sign the economy is in trouble. Spoiler alert: big-ticket items tend to be quite sensitive to economic changes.

Friday delivers the Consumer Sentiment Index and Consumer Inflation Expectations reports, which basically survey how confident people feel about their financial future and how much they think things will cost in the long run. Very enlightening, though not particularly uplifting.

Key Events This Week:

1. S&P Global Services/Manufacturing PMI data – Wednesday

2. March New Home Sales data – Wednesday

3. March Durable Goods Orders data – Thursday

4. March Existing Home Sales data – Thursday

5. Total of 8 Fed Speaker Events

6. ~20% of S&P 500 companies…

— The Kobeissi Letter (@KobeissiLetter) April 20, 2025

And let’s not forget that the US is apparently heading toward “a looming wave of inflation,” which the government seems utterly unprepared to tackle, according to Adam Posen of the Peterson Institute for International Economics. The Fed, he says, has been “too loose” with monetary policy. Well, the Fed certainly seems to have a knack for making everything a little more complicated, doesn’t it?

And if that wasn’t enough to send us all into a mild panic, approximately 20% of S&P 500 companies—yes, including the likes of Tesla and Alphabet (Google)—will report their earnings this week. Big tech could be in for a rough quarter, so let’s keep our fingers crossed they don’t crumble under the pressure!

Crypto Market Outlook

Now, onto the crypto markets, where things are starting the week on a positive note. Bitcoin, as usual, is leading the charge with its impressive rise to $87,000—its first time at this level since late March. Everyone’s favorite digital currency appears to be shaking off its recent struggles, much like a dog shaking off water after a bath.

Analysts suggest Bitcoin has broken out of a falling wedge pattern, which could mark the end of a three-month downtrend. If true, we might be witnessing the beginning of a turnaround. Let’s hope, for the sake of the market, that Bitcoin can keep up the pace!

Ethereum, XRP, and Binance Coin have also posted small gains, but Bitcoin is definitely the star of the show this Monday in Asia. If you’re a fan of drama, this week might be the perfect time to sit back, relax, and enjoy the ride.

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2025-04-21 07:55