CPI - CPI Data Jerome Powell Ethereum ETFs: What Bitcoin Traders Are Watching This Week | Benzinga
Bitcoin (CRYPTO: BTC) traders are hopeful that macroeconomic data could extend the relief rally and halt the crypto king’s recent slide below $60,000.
What Happened: Crypto analyst Micha?l van de Poppe predicted a positive week for Bitcoin in his latest post, pointing to several catalysts:
- Fed chair Jerome Powell testifying on policy
- New CPI & PPI data impacting yields and the DXY
- A possible launch of Ethereum (CRYPTO: ETH) on July 15.
Trader Capo Of Crypto tweeted that he remains bullish for the next few weeks, especially on altcoins. He cited factors like selling pressure from the German government being absorbed. Regarding Ethereum ETF approvals, he noted all spot Ethereum ...