Crypto market prices have started the week well, with Bitcoin, Ethereum, and Cardano bouncing back from their Friday lows and the Fear and Greed Index exiting the fear zone to neutral. This article highlights some top crypto news that will move the industry this week.
Crypto Market Prices to React to US-China Trade News
The first major crypto market news expected to move their prices is the US-China trade developments. China has announced some major escalations in the past few weeks, including an investigation into Qualcomm and export controls on rare earth metals.
Donald Trump has threatened to impose higher tariffs on Chinese goods, while China has said that it would do the same. In a statement, Beijing justified its actions, noting that they were countermeasures to US policies.
These actions suggest further escalation before a potential de-escalation ahead of Donald Trump’s and Xi Jinping’s meeting at the APEC meeting in South Korea. That’s because an escalation will be catastrophic to both sides, especially to the US, which depends fully on China’s rare earth materials. An analysis from Hutong Research said:
“Washington’s fear of China is strategic, not economic. A disruption in rare earth flows threatens defense production capacity, a core pillar of US global power projection and, by extension, dollar stability.”
READ MORE: Cardano Price Forms Bullish Engulfing: Is ADA a Good Buy Today?
US Earnings Season
The other top catalyst impacting crypto market prices this week will be the upcoming earnings season. Top American companies will start releasing their results this week, including popular names like JPMorgan, BlackRock, Citi, and Wells Fargo.
The earnings season will be important because it will provide more information on the impact of Donald Trump’s tariffs on American companies. Signs that the tariffs are having a major impact will lead to a stock market crash, which will also impact the crypto market.
READ MORE: Will the Crypto Market Go Back Up Soon?
US Government Shutdown and Altcoin ETFs
Another important piece of crypto news that will affect prices is the US government shutdown, which has now entered its third week. This shutdown has negative and positive impacts on the crypto market.
On the positive side, the shutdown has drawn people to Bitcoin and gold, which are widely seen as safe-haven assets. The other major impact is that it may drag the American economy, pushing the Federal Reserve to cut interest rates in the coming meetings.
On the negative side, it means that the SEC may not approve crypto ETFs this week when deadlines on funds by companies like XRP and Solana reach. As such, the end of the shutdown may be good for the industry.
Token Unlocks
The crypto market will also react to some notable token unlocks by some of the biggest cryptocurrencies. Cronos, which is backed by Crypto.com, will unlock tokens worth millions. Others that will unlock millions of tokens are Zebec Network (ZBCN), ApeCoin (APE), Sei (SEI), Starknet (STRK), and Chainbase.
READ MORE: Crypto Rally: Why Did Altcoins Go Back Up After the $20B Liquidations
