U.S. markets have been vibrant for two weeks due to earnings reports from major American companies. The tensions with Iran and the appointment of a new Fed Chairman have further contributed to this situation, leading to a drop in Bitcoin prices to $69,000. Additionally, a Supreme Court tariff decision is expected on February 20. So, what does today’s schedule look like?
U.S. Markets and Cryptocurrencies
Bitcoin has experienced a sharp decline, dropping to as low as $69,163. At some point, it seems necessary to pause these sales. As of the writing of this article, the European Central Bank announced its interest rate decision, maintaining it at 2%. The Fed remains behind other central banks, and it might not adjust rates until June.
Nasdaq 100 futures initially climbed by up to 0.7% but later dropped by 0.8%, nullifying gains expected by 2026. The upcoming meeting on Iran is hanging by a thread, with many countries trying to convince Trump to move discussions to Oman. Trump doubts the efficacy of these negotiations and wants missiles addressed alongside nuclear issues. Iran opposes this view. Factors such as the drone downing last week and ongoing protests in Iran are contributing to a negative outlook for risk markets.
Stress has spread across all asset classes. Silver faced a historic decline, dropping by up to 17%, while gold hovered around $4,900 per ounce. For the first time since 2024, BTC is below the $70,000 mark.
Cryptocurrency Schedule
In the coming days, U.S. inflation figures will be released, and employment data has been postponed for this week. The next week promises a more intensive data flow. However, today at 6:00 PM, the U.S. JOLTS job openings data will be released. Employment data consistently surpassing expectations has dashed hopes for a rate cut. President Trump will attend a breakfast event at 4:30 PM.
At 6:50 PM, Bostic from the Fed will join a moderated Q&A session with Silvanus J. Udoka, Dean of Clark Atlanta University’s School of Business. A press briefing with White House Press Secretary Leavitt at 9:00 PM is expected, likely including statements about Iran.
Yesterday’s highlight was Alphabet, and today it will be Amazon. Topics such as spending and earnings related to AI, and details of the general earnings report, will affect U.S. futures after closure and likely stir cryptocurrencies.
