As the cryptocurrency market experiences increased Fluctuation, Bitcoin dropped below six figures last weekend for the first time in six weeks.

On Sunday evening, influenced by the U.S. actively bombing Iranian nuclear facilities, Bitcoin fell below 100,000 for the first time since early May, but it seems to have started recovering thereafter.

According to the New York Post, Iran has threatened to close the important shipping channel of the Strait of Hormuz, which has further escalated tensions and could affect global crude oil prices.

According to market rumors, Russia has indicated that various countries are ready to provide nuclear weapons support to Iran, which has heightened concerns in the international community about regional stability.

At the same time, a series of key economic events will be revealed this week, which will provide market participants with important clues about inflation and economic conditions. These events include:

On Monday, the preliminary values of the June S&P Global Manufacturing PMI and Services PMI will be released. These manufacturing purchasing managers' indices are key indicators for analysts to assess trends and speeds of economic changes.

On Tuesday and Wednesday, housing sales data and consumer confidence reports will be released, while Federal Reserve Chairman Jerome Powell will address Congress to elaborate on the central bank's views on inflation and the economy.

On Thursday, more first-quarter GDP data will be released, which will provide a more comprehensive view of the economic situation and future expectations.

On Friday, the market will welcome the key data for May's Personal Consumption Expenditures (PCE), which is also the Federal Reserve's preferred measure of inflation.

Overall, the Crypto Assets market will face multiple challenges this week, including geopolitical tensions in the Middle East, the release of key economic data, and speeches by the Federal Reserve Chairman. Under the combined influence of these factors, Bitcoin and other Crypto Assets may experience a new round of market Fluctuation.

Finally, what is your view on the fluctuations of the crypto assets market this week? How do you think the tensions in the Middle East and the upcoming economic data will impact the market? Leave your thoughts in the comments!

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