Trump-Iran De-escalation and Labor Market Data Combine for Busy Crypto Week

This week's crypto calendar is packed with significant events that could impact markets. President Trump has postponed planned military action against Iran, leading to a decrease in oil prices.

The week also includes a full slate of macroeconomic data, including June JOLTS Data on Tuesday, which tracks labor demand and can signal potential Federal Reserve rate cuts. The ADP National Employment Report is released on Wednesday, providing an early indicator of job growth.

Friday's jobs report will be the most closely watched release, as it directly shapes expectations for Fed policy decisions. Historically, this event has triggered significant market movements in both equities and crypto.

The Fear and Greed Index currently sits at 33, indicating a cautious sentiment in the market. Additionally, a firmware vulnerability in Coldcard hardware wallets led to the theft of 1,367 BTC from over 1,200 addresses, while a major exchange confirmed it will delist six tokens on August 17.

Bitcoin is currently trading between $62,731 and $63,600, with Ethereum near $1,855. The total market capitalization sits at around $2.15 trillion, down about 0.86%.