Fed Speakers and Trump-Xi Meeting Set to Shake Up Bitcoin and Crypto Market

The bitcoin and crypto market is entering a potentially impactful week after ending one of its most important weeks on a high note.

Despite a lighter economic calendar, several events could shape broader financial markets and have an impact on cryptocurrencies. One such event is the barrage of Federal Reserve speakers, which will provide insight into how the central bank interprets last week's rate hike and what might justify another move later this year.

The Fed raised interest rates by 25 bps for the first time in over three years, causing some volatility in the crypto market. Bitcoin slipped to $75,000 initially but recovered to end the week at over $80,000.