Crypto markets stayed chill over the weekend with barely any swings and total cap sitting near $2.3 trillion 🖤. Defense moves in the Middle East kept going strong as US Central Command noted fresh strikes on Iran for the ninth night straight. “The strikes will keep wearing down Iranian military tools used to hit trade ships and crews crossing the Strait of Hormuz” they added 🌙. Crude prices climbed once more with WTI at $85 and Brent over $90 while US shares cooled amid fresh inflation hints 🔮.
Economic Happenings July 20 to 24 🌑
No fresh data drops land on Monday or Tuesday and jobless claims arrive Thursday. Friday brings S&P PMI figures on manufacturing and services that often show shifts in growth. This batch should hint if the economy stays solid after last week’s softer CPI read. “The cooling trend from 2023 looks solid still” noted Elmar Voelker of LBBW. With that in view US rate setters seem unlikely to hike at the coming meeting. The CME Fed Watch Tool shows an 85.6% chance rates hold steady on July 29.
Key Events This Week:
1. ADP Employment Change data – Tuesday
2. Tesla, $TSLA, Alphabet, $GOOGL, Report Earnings – Wednesday
3. Initial Jobless Claims data – Thursday
4. Intel, $INTC, Reports Earnings – Thursday
5. July S&P Global Manufacturing PMI data – Friday
6. July…
— The Kobeissi Letter (@KobeissiLetter) July 19, 2026
Big tech names like Alphabet and Tesla drop their second-quarter numbers this week too.
Crypto Market Vibes This Week 🦇
Crypto stayed almost still in the last day with Bitcoin near $64,700 wedged between $62,000 support and $65,000 resistance 🕸️. Ethereum sat around $1,870 without losing recent bumps while BTC closed the week above its 200-week moving average. “A real push higher would retrace the drop and clear the weekly 200 EMA” analyst Daan said. Until then price stays stuck in the $60K range 🥀.
Just another echo from the void by iconofsin.eth 💖
