Critical Week for Cryptocurrencies: Experts Pointed to a New Volatility!

As the cryptocurrency markets left a quiet weekend behind, all eyes turned to new data from the USA.

In their report to CoinDesk, Presto Research analysts stated that macroeconomic catalysts such as the US Consumer Price Index (CPI) announcement on Wednesday, the FOMC meeting on Thursday and Janet Yellen's speech on Friday may increase volatility in the cryptocurrency market.

Finally, the non-agricultural employment data announced on Friday also caused serious fluctuations in the cryptocurrency market, and this fluctuation resulted in a downward trend.

What awaits the market?

The market, which had a quiet weekend after Friday, will face a new earthquake as of Wednesday, according to expectations.

If the data is announced positively, the expectation that a new ATH will be seen in Bitcoin seems high, while if the data is bad, analysts target the level of 56-58 thousand dollars.