Crypto Market faces Key Challenges This Week
The crypto market is bracing for several critical events that could shape its future. Token unlocks, geopolitical tensions, adn ETF approvals are among the top stories to watch.
Token Unlocks Ahead
DeFi Llama predicts over $200 million in token unlocks this week. This includes tokens from Bittensor,DeepBook,and Arbitrum. CoinMarketCap adds more names like Bubblemaps and Tezos. These unlocks can flood the market, perhaps lowering prices.
U.S.-China Trade War Escalates
Geopolitical tensions between the U.S. and China are heating up. President Trump’s 130% tariff on Chinese goods and restrictions on software sales are responses to China’s rare earth metal limits and new tariffs. This trade war could ripple through the crypto market, affecting investor confidence.
Q3 Earnings Season Begins
Third-quarter earnings season kicks off this Tuesday. Major banks like JPMorgan and Citigroup will release their results. Analysts forecast an 8% to 13% earnings growth, continuing a positive trend. Strong earnings can boost the stock market, which often positively influences crypto prices.
Crypto ETF Approvals Loom
This week is crucial for crypto ETF approvals, including Ripple (XRP) and Solana (SOL). Analysts are hopeful for SEC approval,though the U.S. government shutdown adds uncertainty. An ETF approval would likely boost the crypto market.
