A packed economic calendar in the United States could bring additional volatility to digital asset markets as investors react to the latest round of trade tariffs announced by President Donald Trump.
Cryptocurrency prices have dropped sharply again, with Bitcoin falling more than 3,000 dollars within about an hour and erasing its weekend gains. The sell off follows renewed tariff measures, including a 15 percent global tariff introduced after the Supreme Court of the United States ruled that earlier sweeping tariffs exceeded presidential authority.
At the same time, geopolitical tensions between the United States and Iran remain elevated, adding pressure to oil markets and broader risk assets.
Key Economic Events This Week
Markets are adjusting not only to trade developments but also to rising tensions in the Middle East, with crypto markets sliding about 4 percent on Monday morning.
On Tuesday, February Consumer Confidence data will be released, offering insight into household sentiment and spending trends. In January, confidence fell to its lowest level since 2014 as concerns about employment conditions weighed on consumers.
Thursday will bring initial jobless claims data, which reflects conditions in the labor market, one of the core focuses of the Federal Reserve. On Friday, the January Producer Price Index will be published, providing a measure of wholesale inflation, another key factor for the central bank. Despite these updates, policymakers are widely expected to maintain their cautious stance.
In addition, Nvidia is scheduled to report earnings on Wednesday. While unlikely to shift markets dramatically, weaker demand for its chips could influence sentiment around artificial intelligence related assets.
Crypto Markets Under Pressure
Total cryptocurrency market capitalization has fallen about 4 percent to roughly 2.31 trillion dollars. Bitcoin dropped from 67,600 dollars to below 65,000 dollars within hours and remains near that level. The asset is now down more than 5 percent for the week and is testing support near the lower boundary of its recent trading range.
Ethereum has also declined, sliding to around 1,860 dollars, its lowest point since early February. Several major altcoins are facing steeper losses, including Solana, Cardano, Hyperliquid, and Chainlink.
