Truth Social

President Trump

Crypto markets spent the weekend in the red as hopes for a peace deal between the US and Iran remain fragile.US equity market futures have opened lower as investors await details of US-Iran talks in Switzerland, according to the Kobeissi Letter.Meanwhile, President Trump has ramped up the rhetoric again, <a href="https://truthsocial.com/@realDonaldTrump/posts/116788337995785578" rel="noopener noreferrer nofollow">posting</a> on Truth Social on Sunday:<blockquote>“Iran must immediately stop their highly paid proxies in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!”</blockquote><h2 id="economic-events-june-22-to-26">Economic Events June 22 to 26</h2>The week kicks off with June’s S&amp;P Global PMI data on Tuesday, and May’s new home sales figures are out on Wednesday.However, all eyes are on the May Personal Consumption Expenditures (PCE) report, the Federal Reserve’s preferred inflation measure, due on Thursday.The data follows last week’s FOMC meeting, where policymakers held interest rates steady while signaling a more inflation-focused monetary policy stance.If PCE comes in hotter than expected, which is likely given that energy prices are rising, markets could price in fewer rate cuts, and risk assets may face pressure.“The June FOMC meeting, with half of the committee leaning toward a tighter policy path, sent a hawkish jolt through markets,” <a href="https://www.msn.com/en-us/money/other/fed-s-favorite-gauge-is-seen-showing-faster-inflation/ar-AA269EIX" rel="noopener noreferrer nofollow">said</a> Bloomberg analysts.<blockquote>“Even though Warsh didn’t submit his own dot for the dot plot, his tone at the news conference seemed notably hawkish to us. A hot PCE inflation reading will likely reinforce that hawkish message.”</blockquote>The current odds for a rate hike at the Fed’s next meeting in late July are around 40%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="noopener noreferrer nofollow">according</a> to the CME Fed Watch tool.More economic data follows on Thursday with the US first-quarter GDP report, shedding light on the rate of economic growth.June’s Michigan consumer sentiment data and inflation expectations data are due out on Friday, rounding off a busy week for economic reports.<blockquote class="twitter-tweet">Key Events This Week:1. June S&amp;P Global PMI data – Tuesday2. May New Home Sales data – Wednesday3. May PCE Inflation data – Thursday4. US Q1 2026 GDP data – Thursday5. June MI Consumer Sentiment data – Friday6. June MI Inflation Expectations data – FridayThe…— The Kobeissi Letter (@KobeissiLetter) <a href="https://x.com/KobeissiLetter/status/2068682537078005859?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2026</a></blockquote><h2 id="crypto-market-outlook">Crypto Market Outlook</h2>Crypto markets <a href="https://cryptopotato.com/is-bitcoin-and-peace-in-trouble-as-trump-warns-iran-of-fresh-strikes/" rel="noopener noreferrer nofollow">spent the weekend</a> mostly flat, with total capitalization hovering around $2.3 trillion. More volatility is expected this week, and the path of least resistance is downwards.Bitcoin has been trading tightly around $64,000, where it is at the time of writing on Monday morning in Asia. There has been a quick dip towards $63,000, but it recovered quickly. The weekly close was at $63,267, forming a support base.Ether prices remain at multi-year lows, struggling to make any headway above $1,700, while most altcoins are still in retreat.The post <a href="https://cryptopotato.com/4-things-that-could-move-crypto-markets-this-week-2/" rel="noopener noreferrer nofollow">4 Things That Could Move Crypto Markets This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

4 Things That Could Move Crypto Markets This Week

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