Bitcoin
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117,865‘s price has once again surpassed $118,000, bringing much relief and joy to altcoin investors. The abatement of tensions with Russia and former President Trump’s diplomatic approach to secondary sanctions have played a significant role in this positive development. As we look ahead to the coming days, the question arises: what important developments might lead to volatility in the cryptocurrency markets? What should investors prepare for?
Cryptocurrency Calendar
For cryptocurrency investors, as with every week, we’re here to discuss the upcoming events that could influence the markets. The last week of July saw significant volatility due to the Federal Reserve’s activities and economic data, while the first week of this month was influenced by Russia and tariff news. Those closely monitoring the news were able to turn this volatility to their advantage, as the direction of the price has been clearly dictated by the news flow recently.
Below is a list of significant upcoming developments with specific dates and times that may affect prices. Besides these scheduled events, numerous surprise last-minute changes can occur. Trump, known for making swift decisions with a deterrent purpose, can be unpredictable. Therefore, it is advisable to keep your notifications open to stay informed quickly about unexpected moves.
Points to Watch
The anticipated extension of Chinese tariffs could be announced later today, although this issue has already been agreed upon and holds little significance. On Tuesday, inflation is expected to rise, and two Federal Reserve members will provide their assessments based on this data. With the number of Fed members advocating for easing now reaching five, any potential statements they make could lead to significant market upswings.
Thursday’s Producer Price Index (PPI) figures will be crucial for the Personal Consumption Expenditures (PCE) data, with notable increases expected. Should these figures exceed expectations, it could overshadow the cooling in employment figures and cause concern. The major event on Friday, if Trump announces something like “Putin agreed to peace, a ceasefire will be signed” as they meet in Alaska, would undoubtedly act as a significant catalyst for a rise in cryptocurrency markets.
