Crypto is buzzing with bullish energy as Trump drops one positive update after another. In just two days, he’s announced a ceasefire between India and Pakistan, a possible meeting between Zelensky and Putin, a fresh trade deal with China, and an upcoming executive order to slash drug prices. With global tensions cooling and markets loving the optimism, Bitcoin and the broader crypto space are riding the wave.
Bitcoin soared to $104,900 over the weekend, just shy of its all-time high. Trump’s bullish moves have given new hope within the crypto community. Crypto eyes are locked on five key events this week that could decide whether the momentum continues or fizzles out.
The U.S. Consumer Price Index (CPI) data for April will be released on Tuesday. This report is a major indicator of inflation. If inflation cools, the Federal Reserve may consider cutting interest rates, which would be bullish for Bitcoin and altcoins. But if inflation remains stubborn, rate hike fears could return and weigh on the market.
According to Markus Thielen, founder of 10x Research, if the upcoming U.S. CPI report meets expectations, it could boost market confidence and push Bitcoin higher, unless new tariff worries resurface.
Also on Tuesday, the SEC is holding a high-stakes meeting to explore how traditional finance (TradFi) can integrate with decentralized finance (DeFi). With Commissioner Hester Peirce and others participating, this roundtable could offer fresh clues on the regulatory direction for crypto assets.
Thursday brings the Producer Price Index (PPI) report, another crucial inflation gauge that tracks wholesale prices. Like the CPI, this figure can influence how the Fed approaches interest rates, and by extension, affect crypto investor sentiment.
Fed Chair Jerome Powell’s upcoming speech could shake up the crypto market, with investors watching closely for hints of a rate cut or policy shift. While the Fed is expected to hold rates steady at 4.25–4.5% due to persistent inflation, U.S. Treasury Secretary Scott Bessent is pushing for a rate cut, citing strong job numbers and easing prices. In its last meeting, the Fed flagged steady growth and low unemployment but warned about inflation and uncertainty, causing Bitcoin to dip slightly from $84K to $83.5K.
Rounding out the week are the U.S. Retail Sales and University of Michigan Consumer Sentiment reports. Strong consumer spending and upbeat sentiment could signal economic resilience, but might also cool hopes of immediate rate cuts.
Meanwhile, all eyes are on how inflation, regulation, and Fed signals will shape the crypto market’s next big move.
Yes—his global peace deals and economic optimism are boosting crypto investor confidence.
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