Bitcoin price started the new week above $69,000 and finally approached the $70,000 mark after a long time. Trump, as the strongest presidential candidate, made great statements on Saturday. Lummis proposed an excellent bill, and BTC has not yet fully priced in these developments. So, what developments will occur this week?
Important Developments in Cryptocurrencies
If Trump wins the election, we will see something like Michael Saylor becoming the President of the USA. Trump, who says he will grant complete freedom to cryptocurrencies, aims for even more. From stopping the sale of US assets to creating a massive BTC reserve, he promises all the good things you can hear from a US presidential candidate.
This week will be extremely busy for the crypto markets. There is a Fed meeting, and we will see important data released. As every week, today we are discussing the key developments for the coming days with day and hour details. Thus, investors can be prepared for increasing volatility and have the opportunity to read large fluctuations more accurately and quickly.
July 30, Tuesday
- 17:00 US JOLTS (Expectation: 8.055M Previous: 8.140M)
- 23:10 Microsoft Earnings Report
- L3 Listings
July 31, Wednesday
- 21:00 Fed Interest Rate Decision (Expectation: Steady at 5.5%)
- 21:30 Powell Speech
- 23:05 Meta Earnings Report
- PRIME Unlocking (6.15 Million $)
- OP (54.8 Million $)
August 1, Thursday
- 15:30 US Jobless Claims (Expectation: 236K Previous: 235K)
- 23:00-23:30 Apple, Intel, Amazon Earnings Reports
- DYDX (10.9 Million $)
- SUI (50.14 Million $)
- ZETA (33.5 Million $)
August 2, Friday
- 15:30 US Unemployment Rate (Expectation and Forecast: 4.1%)
- 15:30 US Non-Farm Payrolls (Expectation: 178K Previous: 206K)
- 15:30 Average Hourly Earnings (Expectation and Previous: 0.3%)
August 3, Saturday
- W Unlocking (174 Million $)
Things to Watch
The Fed will likely start paving the way for the first cut in September cautiously. Therefore, the statements made by Powell are extremely important. On the other hand, on Friday, wage increases, which are an important data point for both employment and inflation, will be announced. As we approach the Fed meeting, we may see another increase in volatility, as has always been the case in previous Fed meetings.
The data coming on Friday is also likely to increase volatility. On the other hand, an announcement that MtGox refunds have been completed could trigger a strong rise, and we will be looking for that this week as well.
