news 
4 Things That Could Rattle Bitcoin and Crypto Markets This Week
The cryptocurrency market has already witnessed a significant decline over the weekend following US military action in the Middle East and escalating rhetoric from Iran and Russia. As a result, investors are bracing themselves for another potentially volatile week ahead.
Firstly, the ongoing geopolitical tensions between Iran, Russia, and the United States could lead to further market instability. The recent strikes by the US have exacerbated the situation, causing losses across the board. Bitcoin, in particular, fell below $100,000 for the first time since May 8th, with Ethereum dropping nearly 7% to around $2,135.
Secondly, this week’s packed economic calendar is likely to create a perfect storm of uncertainty and market fluctuations. Key events include inflation data releases, consumer confidence reports, and GDP growth figures for Q1 2025. The Federal Reserve Chair Jerome Powell will also be speaking before Congress to provide lawmakers with an update on the central bank’s views on inflation and the economy.
Thirdly, the current bearish sentiment in the market may not dissipate anytime soon due to the growing risk of a recession. Recent events have only fueled this concern further. A potential 5% drop in Bitcoin’s value could be imminent if sentiment continues to deteriorate.
Lastly, concerns over the regulatory landscape are looming large for investors as governments worldwide are becoming increasingly interested in implementing stricter regulations on the industry. As more countries consider imposing taxes or tightening rules, this uncertainty is likely to exacerbate market fluctuations and potentially impact the overall performance of digital assets.
It appears that the road ahead will be a rocky one for Bitcoin and crypto markets, with numerous factors set to influence investor sentiment.
Source: cryptopotato.com
