Crypto enthusiasts are in for an exciting week ahead as a series of pivotal events threatens to rock the cryptocurrency market. Top-tier cryptocurrencies like Bitcoin are grappling with bearish trends, and the upcoming days promise even more uncertainty.
Coinpedia to the rescue – we won’t let you jump in blind! Read on to know what to expect.
US August CPI: The Consumer Price Index is poised to offer crucial insights into the fluctuations in prices paid by consumers for goods and services over time. Significant shifts in this index can profoundly affect investor sentiment, potentially leading to increased market volatility.
FTX’s Asset Sale: The intrigue deepens as FTX eagerly awaits a court decision regarding the liquidation of a staggering $3.4 billion in cryptocurrencies. Cryptocurrency community rumors suggest that this approval could materialize as early as September 13. If granted, this massive liquidation could send shockwaves throughout the crypto market, potentially destabilizing prices.
Related: Is Crypto Market Crash On Horizon? FTX To Liquidate $3.4 Billion in Cryptocurrencies
US August PPI: Similar to the CPI, the Producer Price Index measures the average change in selling prices received by domestic producers for their output. Changes in the PPI can provide vital insights into inflation trends, influencing the dynamics of the crypto market.
ECB Rate Decision: While the European Central Bank’s decision on interest rates may primarily impact the Eurozone, its repercussions will be felt through global financial markets, including the crypto sector.
US Initial Jobless Claims: These weekly data points reflect the number of individuals filing for unemployment benefits for the first time. This critical economic barometer can significantly impact investor confidence if unexpected shifts occur.
The crypto world is on high alert as these significant events approach, and investors are advised to brace themselves for potential market turbulence in the coming days.
This Might Interest You: Crypto vs. SEC: Will SEC Chair Gary Gensler Resign? Ron Hammond Weighs In
What are your predictions for the crypto market this week? Are you staying cautious or seeking opportunities?
Story Highlights The Bitcoin price today is . The BTC price could hit a maximum…
As the broader cryptocurrency market shows signs of recovery, with Bitcoin climbing from $88,000 to…
Story Highlights The live price of the Ondo token is . Ondo price could reach…
Dogecoin generated moments of excitement, accompanied by substantial profits, for quite some time before its…
Semler Scientific has made a significant move by purchasing 111 Bitcoins for $10 million. This…
Ljubljana, the capital of Slovenia, has just hit a massive milestone by securing the top…