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\n\t\t\t\t\t\t\t\t\tA short but busy week lies ahead on the US economic calendar, with more inflation reports due while markets digest the latest from the Middle East.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Crypto markets have remained flat over the past day, but had a weekend boost after US President Trump hinted that a \u201clargely negotiated\u201d deal with Iran was imminent.<\/p>\n
\u201cIt also appears further progress has been made toward a 60-day ceasefire extension for the Iran War,\u201d said the Kobeissi Letter.<\/p>\n
This week will see key inflation reports, which could put further pressure on the economy and the central bank.<\/p>\n
US markets are closed on Monday for Memorial Day, but there is likely to be some movement in stock futures and crypto as investors digest any US-Iran peace deal agreements.<\/p>\n
In his latest statement, Trump was typically evasive.\u201cIf I made a deal with Iran, it will be a good and proper one,\u201d he said, countering<\/a> comments from Sunday suggesting it was almost finalized.<\/p>\n According to Axios, the White House no longer expects an agreement with Iran to be announced on Monday and thinks it could take \u201cseveral more days.\u201d<\/p>\n Tuesday kicks off the economic data for the week with May\u2019s consumer confidence report, which will reflect the increase in inflation.<\/p>\n Thursday is the big data day, with April\u2019s Personal Consumption Expenditures Price Index (PCE) and first-quarter GDP data.<\/p>\n \u201cHeadline spending will be lifted by higher gasoline prices, but otherwise we are likely to see some weakness,\u201d said<\/a> ING economist James Knightley in a note.<\/p>\n The PCE figures \u201cwill do little to ease inflation concerns in an environment where freight costs are rising appreciably in response to higher motor fuel costs,\u201d he added.<\/p>\n Key Events This Week:<\/p>\n 1. US-Iran Agreement Details \u2013 Expected Today<\/p>\n 2. US Markets Closed, Memorial Day \u2013 Monday<\/p>\n 3. May Consumer Confidence data \u2013 Tuesday<\/p>\n 4. April PCE Inflation data \u2013 Thursday<\/p>\n 5. US Q1 2026 GDP data \u2013 Thursday<\/p>\n 6. April New Home Sales data \u2013 Thursday<\/p>\n We\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) May 24, 2026<\/a><\/p>\n<\/blockquote>\n New home sales for April and weekly jobless claims data are also due this week, but focus will primarily be on the POTUS and a deal with Iran.<\/p>\n Crypto market capitalization has not moved over the past 24 hours, but Bitcoin and its brethren quickly recovered from Saturday\u2019s dump.<\/p>\n BTC fell to $76,000 in late Sunday trading but rapidly recovered to reclaim $77,000 during the Monday morning Asian session. Weekly resistance currently lies at $78,000, an area that could be broken if positive news on a deal emerges this week.<\/p>\n Ether prices continue to weaken, with the asset falling below $2,100 on Monday morning.<\/p>\n The altcoins remain mostly flat with minor gains for Hyperliquid<\/a>, Zcash, and Monero.<\/p>\n <\/p><\/div>\nYou may also like:<\/h3>\n
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Crypto Market Outlook<\/h2>\n