Viewpoint: The cryptocurrency market is recovering, but the tense political situation in the Middle East may affect investor behavior

According to CryptoPotato, the crypto market has been hit hard in the past week, but signs of recovery have begun to show in early Asian trading on Monday. However, the economic calendar for the coming week is busy, with escalating political tensions in the Middle East leading investors to seek safe-haven assets. The market will also focus on earnings this week, with reports covering various sectors including banking and finance. Key events this week include: 1. March retail sales data (Monday); 2. Speech by Federal Reserve Chairman Powell (Tuesday); 3. Existing home sales data (Thursday); 4. Philadelphia Fed Manufacturing Index (Thursday); 5. Approximately 10% of SP 500 companies reporting earnings; 6. A total of thirteen speeches by Federal Reserve officials this week. In addition, ongoing conflicts in the Middle East continue to draw attention and put upward pressure on commodity prices such as oil and gold. Furthermore, the Chinese economy will be a focal point, as first-quarter GDP data released on Tuesday may impact risk appetite for assets like BTC.