Key Economics Events This Week:
Existing Home Sales data - Tuesday
New Home Sales data - Wednesday
Q2 2024 GDP data - Thursday
June PCE Inflation data - Friday
MI Consumer Sentiment data - Friday
~20% of S&P 500 companies report earnings
Huge week ahead with the July Fed meeting just 10 days away.
Bitcoin’s price continues to be highly impacted by the political scene in the United States. After the failed assassination attempt against Donald Trump last weekend, this time, news regarding his opponent rattled the markets.
However, the cryptocurrency managed to bounce off and return to nearly $67,000 almost immediately.
Nigeria’s self-proclaimed cryptocurrency billionaire, Linus Williams, recently arrested on charges of fraud and terrorism funding, has been released on bail after spending a few days in custody. According to a local report, Williams’ release was confirmed by controversial Nigerian Instagram celebrity Verydarkman.