According to The Kobeissi Letter, inflation has risen with the 1-month annualized Headline and Core PCE inflation exceeding 4.0%, and the 6-month annualized rate at 3.1%. This inflationary trend is impacting purchasing power, leading to increased interest in gold as a stable investment. Traders should consider the potential effects of rising inflation on cryptocurrency markets, as inflation can drive volatility and impact market sentiment.

According to The Kobeissi Letter, the 1, 3, and 6-month annualized Headline and Core PCE inflation rates are now all above 3.0%, with the 1-month Core PCE inflation rate hitting a substantial 4.5%. This positions inflation 250 basis points above the Federal Reserve's long-run target, indicating potential implications for monetary policy and market conditions.

According to Miles Deutscher, key macroeconomic events this week include the CB Consumer Confidence survey on Tuesday, NVIDIA ($NVDA) earnings on Wednesday, Preliminary GDP report and Jobless claims on Thursday, and Personal Consumption Expenditures (PCE) on Friday. These events, along with multiple FOMC speakers, could significantly influence cryptocurrency market movements as traders assess economic health and policy outlooks.