Macro Week Looms for Crypto With Key Rate Calls and Earnings

Crypto markets opened the week on firmer footing as traders positioned for a dense macro calendar that could sway sentiment across global assets. The calm backdrop helped U.S. stock futures and Crypto benchmarks start the week with modest gains, though volatility risks remain elevated.

The Federal Reserve's rate decision on Wednesday anchors the week, with July's Consumer Confidence data arriving Tuesday and PCE inflation landing Thursday. Odds of the Fed holding steady have slipped, with a 63.7% probability of no change and a 36.3% chance of an increase.

Bitcoin rose 1% to $65,500 before slipping back below heavy resistance at $66,000, a level that has capped its range for nearly two months. Ethereum climbed 3.5% to $1,960, touching a seven-week high but still struggling to reclaim $2,000.