This week, global investors eyes are locked on the United States as four major economic events are set to unfold. Starting with the Trump-Zelensky meeting, FOMC minutes, then Initial jobless claims, and lastly Fed Chair Powell’s speech.
Their outcomes could have a major impact on the crypto market, with traders watching closely for shifts in prices, policies, and overall sentiment.
Here’s a look at the key U.S. economic events this week that could heavily impact the crypto market.
Starting this week, with a high-stakes diplomatic meeting between President Donald Trump and Ukrainian President Volodymyr Zelensky in Washington. This comes just a few days after Trump’s highly scrutinized Alaska summit with Vladimir Putin
Last month, a similar meeting with Putin didn’t move the crypto market much, Bitcoin dropped less than 2%. Most experts expect Bitcoin will remain steady unless major new policies or conflicts are announced.
Looking ahead, the most awaited event is the FOMC minutes on August 20. This meeting carries extra weight because, in July, the Fed kept rates unchanged at 4.25–4.5%. That decision, however, triggered a 4% dip in Bitcoin and the broader crypto market.
However, the FOMC minutes will clarify whether the Federal Reserve is leaning more dovishly amid slowing growth and rising political influences.
The labor market remains a key focus for the Fed. Last month’s jobless claims fell to 224,000, showing strength but also early signs of cooling. For crypto traders, this data often matters, weaker reports usually boost hopes of rate cuts and fuel rallies.
This month, however, jobless claims are expected to rise slightly to 227,000, keeping investors alert for any market reaction.
All eyes turn to Friday as Jerome Powell delivers his post-FOMC remarks. Analysts expect Powell to “keep his cards close”, rely on new data before making moves. If he sounds too cautious, markets may be let down, but even a small sign of softer rates or job weakness could spark a new Bitcoin jump.
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