Bitcoin, Ethereum, Dogecoin Go Red Again: What To Watch For In Challenging Week Ahead

Bitcoin and Ethereum , the two largest coins by market capitalization, traded in the red on Sunday evening as the global cryptocurrency market cap declined 3.1% to $927.2 billion at press time.  Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC ) -3.6% 7.9% $20,803.80 Ethereum (CRYPTO: ETH ) -4.04% 8.8% $1,166.98 Dogecoin (CRYPTO: DOGE ) -3.3% -1.9% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price TerraClassicUSD (USTC) +5.95% $0.05 Chiliz (CHZ) +3.6% $0.11 IOTA (MIOTA) +2.4% ​​$0.30 See Also: How To Get Free Crypto Why It Matters: Major coins reversed the upward momentum on Sunday ahead of the fresh trading week.  Stock futures were seen in negative territory at press time with the S&P and Nasdaq futures down 0.2% and 0.35%, respectively.  The upcoming trading week will see the release of June Consumer Price Index (CPI) data on Wednesday and a number of key earnings releases from major companies. Data released last week showed that the U.S. added 372,000 jobs in June , which means the economy is not slowing down at a rapid clip and the Federal Reserve has the room for another 0.75% rate increase this month. “The focus shifts quickly to next week’s CPI report and even mildly hot inflation numbers will allow the Fed to tighten again by 75 basis-points.  If inflation delivers ... Full story available on Benzinga.com