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Fed Chairman Powell's Testimonies and Ripple's Legal Battle Could Impact Bitcoin and Crypto Markets This Week

June 19 (Cointime) - The past week has been significant for the Bitcoin and crypto markets, with the US Federal Reserve's interest rate decision and BlackRock's application for a Bitcoin spot ETF.

This week, investors will be closely watching Fed Chairman Jerome Powell's testimonies before the US Senate and House of Representatives on June 21 and 22. The hearings could lead to increased volatility in the equity as well as Bitcoin and crypto markets.

Other events to watch out for include the US Purchasing Managers Index for the services sector on June 23 and potential positive news on the SEC's proceedings against crypto exchanges Binance and Coinbase.

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