Crypto markets are poised for another volatile week, with several major economic reports due that could influence both traditional financial markets and digital assets.

On Monday, President Donald Trump is expected to announce new tariffs on steel and aluminum imports, including from Canada and Mexico, further escalating trade tensions. He is also set to unveil plans for “reciprocal tariffs,” which could impact global markets.

Key inflation reports are scheduled for later in the week. On Wednesday, the Core Consumer Price Index (CPI) for January will provide critical insight into inflation trends, influencing the Federal Reserve’s stance on interest rates. This will be followed by the Producer Price Index (PPI) on Thursday, which tracks costs for producers and offers a glimpse into future retail pricing.

Federal Reserve Testimony and Retail Sales Data Could Add Market Volatility

Friday will see the release of Retail Sales data, which will shed light on consumer spending, an important driver of economic activity.

Additionally, Federal Reserve Chair Jerome Powell will testify before Congress on Wednesday and Thursday, potentially adding further volatility depending on his comments regarding monetary policy.

Crypto markets have already shown signs of retreat. The total crypto market cap dropped over 3%, with Bitcoin falling below $95,000 before recovering to $97,000. Ethereum and major altcoins like XRP and Dogecoin have also seen declines. The Coinbase earnings report on Thursday will also be watched closely by investors for further market cues.

This week’s events present risks and opportunities for crypto investors, with the potential for significant price movements across the market.

Also Read : 3 Bullish Signs for Bitcoin After February’s Price Dip