News
Pi Network Says It Has Solved One of Crypto’s Biggest Problems
Pi Network asserts it has tackled a key problem in crypto, focusing on utility and innovation.
CryptoPotato1 min read
These 4 Factors Could Move Bitcoin and Crypto This Week
TL;DR
Crypto markets are experiencing significant losses, erasing nearly three weeks of gains. Key economic reports and Federal Reserve speeches this week could influence market movements.
Key points
- Crypto markets have lost nearly three weeks of gains
- Key consumer sentiment reports are due this week
- Federal Reserve speeches may influence market movements
- The war in Iran continues without signs of a resolution
Crypto markets are tanking and have wiped out almost three weeks of gains, with losses accelerating over the weekend.
The week ahead has some key consumer sentiment reports amid rising US inflation and a number of Federal Reserve speeches under new leadership. Meanwhile, the war in Iran will mark its 80th day on Tuesday, and signs of a deal are still not forthcoming.
Economic Events May 18 to 22
The economic data kicks off on Tuesday with pending US house sales reports, followed by the ADP employment weekly change. These two shed more light on the housing and labor markets, which are key to economic stability.
Wednesday will have the Federal Open Markets Committee meeting minutes detailing the central bank’s last meeting in April and potentially offering insight into future decisions regarding interest rates.
Thursday has more real estate market data, May’s Philly Manufacturing Index, and jobless claims. May’s Michigan Consumer Sentiment and Expectations reports are due out on Friday.
Key Events This Week:
April Pending Home Sales data – Tuesday
Fed Meeting Minutes – Wednesday
Nvidia, $NVDA, Reports Earnings – Wednesday
May Philly Fed Manufacturing Index – Thursday
May UMich Consumer Sentiment data – Friday
May UMich Consumer…
— The Kobeissi Letter (@KobeissiLetter) May 17, 2026
Macroeconomic data aside, all eyes are likely to be on Nvidia’s earnings report on Wednesday, which has become a bellwether for the entire AI industry.
CEO Jensen Huang doubled projections for the firm’s flagship chips, and company stock is up around 20% this year. TD Cowen analysts expect Nvidia to beat its quarterly revenue outlook by approximately $1 to $2 billion.
This could provide a boost for AI altcoins as the industry continues to expand. However, US President Trump told Iran on Sunday that the “clock is ticking” for making a deal, causing oil prices to spike to $108 a barrel and crypto markets to crash.
Crypto Market Outlook
Total capitalization has declined by around $130 billion over the weekend, falling to a three-week low of $2.64 trillion on Monday morning despite the Senate’s of the Clarity Act last week.
Q&A
What economic reports are expected to impact Bitcoin this week?
Pending US house sales reports and ADP employment changes are expected to provide insights that could affect Bitcoin and crypto markets.
How is rising US inflation affecting the crypto market?
Rising US inflation is contributing to market volatility, leading to significant losses in crypto assets, including Bitcoin.
What is the significance of the Federal Open Markets Committee meeting this week?
The Federal Open Markets Committee meeting minutes could reveal insights into future interest rate decisions, impacting investor sentiment in the crypto market.
