3 Things That Could Rattle Crypto Markets This Week 

The American central bank will announce its interest rate decision this week, and it is very expected that things remain the same.

Optimism resumed a little last week when the stock and cryptography markets made gains when the price concerns were relaxed slightly.

However, the unexpected contraction of GDP in the first quarter has shook the feeling of the market. This seems to be the result of business loading orders before the planned prices.

It was also reported that President Trump did not intend to speak with Chinese President XI this week. In a potential escalation of trade tensions, Trump said that Beijing “tore us” and that Chinese and American officials speak of “different things”.

Economic events from May 5 to 9 9

Consumers' feeling also dropped in April for the fourth consecutive month. It is now back at levels not seen from the pandemic era, because households are preparing for new price increases.

On Monday, the ISM Services PMI (purchase index) report will be published, reflecting the commercial conditions in the American services sector. This leading indicator helps analysts to anticipate changes in economic momentum.

The S&P Global Services of April PMI is also due on Monday and offers an alternative perspective in the service sector by including a wider spectrum of companies in the private sector.

A consumer credit change report is due Wednesday, measuring monthly changes in the amount that consumers borrow to finance goods and services.

The Federal Reserve will make its decision on interest rates on Wednesday, May 7 and the Fed CME monitoring tool shows A probability of 96% rate remaining unchanged at 4.25% to 4.5%.

“We expect Powell to reject market prices and signal a renewed priority on price stability”, ” said Bloomberg analysts. Merchants are now waiting for 80 pricing base points this year from July, reported Reuters.

Key events this week:

1. Data S&P Global Services PMI – Monday

2. Non -manufacturing PMI data ISM – Monday

3. FED interest rate decision – Wednesday

4. Fed press conference – Wednesday

5. Initial data of unemployment claims – Thursday

6. ~ 20% of companies S&P 500 report profits…

– The Kobeissi letter (@kobeissiletter) May 4, 2025

Four of the magnificent 7 should report the results this week: Microsoft and Meta Platforms on Wednesday and Apple and Amazon on Thursday.

Meanwhile, gold prices increased on Monday, helped by a lower dollar, while investors awaited more clarity on commercial policy.

Crypto market prospects

After a weekend of stability, the cryptographic markets began to tank Monday morning in Asia, with total capitalization reduced by 3.3% in discount of 3 billions of dollars.

Bitcoin slipped below $ 94,000, its lowest level this month, after a 2% drop in the day. Ethereum had fallen below $ 1,800, and many of the altcoins were deeper in the red while the markets start the week on a fragile field.