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Crypto Update | Is the SEC Really the Bad Guy?

Markets Outlook

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Introduction

Short Bitcoin funds had inflows totaling some $10 million during the week ending February 24, according to Crypto Asset Manager Coinshare. The US is scheduled to announce its latest Consumer Confidence Index for February on Tuesday and Jobless claims on Thursday. In Asia, the People's Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday. With the world's two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels.

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