There are several events in the crypto market this week worth paying attention to. I’ve looked at the market trends and related news, and there are indeed some points that warrant deep reflection.

First, let’s talk about the current situation. Bitcoin is currently fluctuating around $75.85k, with a 24-hour decline of about 0.31%. Ethereum has also slightly decreased to $2.32k. The market faced considerable pressure on Sunday, mainly due to renewed tensions in the Middle East. The US-Iran negotiations dragged on for 21 hours without reaching an agreement, and the previous ceasefire agreement seems to be on shaky ground. Iran has started charging tolls on oil tankers, a move that usually signals escalating tensions, and the crypto market’s risk-averse sentiment toward such assets will likely intensify.

Token unlock events are also major this week. Cronos is preparing to unlock 1.78 billion CRO tokens, accounting for only 14% of all tokens, which means a large supply will enter the market later. Projects like Starknet, Pump, Sei, and others have also scheduled unlock dates, involving tokens worth several million dollars. In theory, token unlocks tend to create selling pressure, but these have already been largely absorbed by the market, and downward pressure is less pronounced than in previous years.

More importantly, US PPI data will be released this week. The Producer Price Index report is due on Tuesday. Economists expect the headline PPI to rise from 3.4% in February to 4.2% in March, with core inflation possibly dropping from 3.9% to 3.7%. These US PPI figures, combined with the previously announced CPI rising to 3.3% in March, confirm that the US is caught in a stagflation scenario—economic growth at only 0.5%, but inflation remains high. US PPI data like this is crucial for the Federal Reserve’s policy decisions and will directly influence risk appetite in the crypto market.

Additionally, Hyperliquid will be a focus this week. Bitwise is preparing to launch the first HYPE ETF, with the current trading price around $39.68. There are reports that Hyperliquid will also introduce the HIP-4 proposal, adding prediction market features. Such new functionalities typically boost trading volume and fees, which can further promote token burn mechanisms.

Overall, this week the market will need to digest Middle East risks, token unlock pressures, and US PPI data simultaneously. Volatility is expected to be significant. For traders paying attention to the US PPI trend, this week’s data releases will be a key point of observation. Those interested can track these projects’ developments on Gate.