The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins.

Cryptocurrency and stock markets could see a sharp spike in volatility due to this week’s CPI print, interest rate hike and a conference from Federal Reserve chair Jerome Powell.

Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.

Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.

Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.