Crypto Market News: Top Bitcoin and Altcoins Catalysts to Watch This Week

Key Insights

• The crypto market will react to Donald Trump’s 15% tariff announcement.
• Donald Trump may also decide to strike Iran this week.
• Top tokens like RedStone and Optimism will have unlocks.

The crypto market remained in a consolidation phase last week as Chinese market participants stayed away from trading during the Lunar New Year. Bitcoin was stuck at $68,000, while Ethereum remained below the key level at $2,000. This article explores some key crypto market news that will impact Bitcoin and other altcoins this week.

Crypto Market to React to New Donald Trump Tariffs

One of the main crypto market news this week is on President Donald Trump and his tariffs.

In a 6-3 ruling last week, the Supreme Court ruled against Donald Trump’s tariffs, saying that he was wrong to impose the so-called reciprocal tariffs using the Emergency Powers Act.

In theory, ending the tariffs would be good for the crypto market, as it could lead to lower inflation in the coming months.

However, Donald Trump has some more tools to impose tariffs and achieve the same goals. Indeed, he has already announced a 15% global tariff using one of the existing statutes. These tariffs, however, can last only a few months and can be extended only by Congress.

Therefore, Bitcoin and altcoins will likely react moderately to any new tariff news from the US. For example, it is unclear whether the government will be forced to issue refunds for applying illegal tariffs.

Potential US Strike on Iran

The other major crypto market news will come from the United States, where Donald Trump is accumulating military equipment and personnel to pressure Iran on a comprehensive deal.

The US and Israel have pressured Iran to completely give up on its nuclear ambitions, stop funding proxy groups, and curtail its ballistic missile program.

In a statement on Friday, Trump noted that he was considering a limited strike to pressure the Iranian regime. Iran, on the other hand, has warned that it will respond to any attack by launching a regional war, including by shutting the Strait of Hormuz, a move that would lead to higher crude oil prices.

An attack on Iran would be bearish for Bitcoin and the broader crypto market, as it would likely stimulate inflation. It would also lead to market volatility as Bitcoin’s role as a safe-haven asset has been invalidated.

NVIDIA Earnings

The other main crypto market news comes out on Wednesday when NVIDIA publishes its earnings.

Its results will provide more information on its fourth-quarter growth and guidance on what to expect later this year.

While NVIDIA is a company, its results have a major impact on the stock and crypto markets because of its size.

Strong financial results will likely reduce or eliminate or reduce the talk of the AI bubble and boost the stock market. Such a move may boost the crypto market as well.

On the other hand, a weak report and guidance will lead to more selling in the stock market, which may trigger more selling among cryptocurrencies.

Top Token Unlocks

Meanwhile, the crypto market will react to some token unlocks this week. Humanity Protocol, a top player in the verification industry, will unlock 105 million tokens, valued at over $17.2 million, on Tuesday.

Open Campus, another token valued at over $103 million, will unlock 21 million EDU tokens worth $2.6 million.

RedStone, a top oracle provider, will unlock tokens worth over $111 million on Thursday. Optimism will unlock $4 million in tokens. Other top token unlocks this week are Zora, Celo, Ronin, and EigenCloud.

Federal Reserve Speakers

The crypto market will also react to notable statements from key Federal Reserve officials, including Raphael Bostic, Michele Bowman, Lisa Cook, Christopher Waller, Thomas Barkin, and Alberto Musalem.

These statements will come a week after the Federal Reserve published the minutes of its last monetary policy meeting, which showed that some officials were considering raising interest rates. Their statements will also come a few days after the US published weak GDP report.

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