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COINTURK NEWS > Cryptocurrency News > Fed Meeting Spurs Bitcoin Price Drop and Altcoin Volatility
Cryptocurrency News

Fed Meeting Spurs Bitcoin Price Drop and Altcoin Volatility

In Brief

  • Bitcoin price dropped to $52,550, affecting altcoins.

  • Fed meeting on September 18 will decide the first rate cut.

  • US inflation data is crucial for cryptocurrency market movements.

COINTURK NEWS
COINTURK NEWS 9 months ago
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Every week, we compile important upcoming developments and share them through COINTURK. Knowing which upcoming data might cause volatility and being prepared is crucial. This week, we will discuss significant developments that could move the crypto market charts between September 9-15.

Contents
Important Developments in CryptocurrenciesSeptember 10, TuesdaySeptember 11, WednesdaySeptember 12, ThursdaySeptember 14, SaturdayWhat Will Happen to Cryptocurrencies?

Important Developments in Cryptocurrencies

Bitcoin $108,024 price dropped to $52,550 in the last 24 hours, causing altcoins to continue the day in red. The Fed meeting is on September 18, and a rate cut is certain. However, investor expectations about the size of the cut have been volatile for weeks. We experienced 2 years of negative volatility pressure before Fed weeks. The Fed has kept rates at their peak for a year, and this time, the pre-meeting chart fluctuations might favor the bulls as the first cut decision will come.

Here are the important events for crypto investors over the next 7 days, with details of the day and time.

September 10, Tuesday

  • Trump and Kamala to Debate on ABC News Session
  • SUSHI to Launch Meme Coin Launchpad Dojo

September 11, Wednesday

  • 15:30 US Inflation (Expectation: 2.6% Previous: 2.9%)
  • US Core Inflation (Expectation: 3.2% Previous: 3.2%)
  • APT Unlocking ($66 Million)

September 12, Thursday

  • 15:15 European Central Bank Interest Rate Decision (Expectation: 4% Previous: 4.25%)
  • 15:30 US Producer Price Index (Expectation: 1.7% Previous: 2.2%)
  • 15:30 US Jobless Claims (Expectation: 230K Previous: 227K)
  • TUM Blockchain Conference (September 12-13)

September 14, Saturday

  • RENDER Unlocking ($3.66 Million)

What Will Happen to Cryptocurrencies?

The most important event of the week will be the US inflation data. Data in line with expectations will be positive for cryptocurrencies. Trump and Harris will face each other for the first time, potentially causing movement in Trump tokens. We will see fluctuations based on Donald Trump’s performance in the debate. If cryptocurrency policies are discussed in this program, it will mean extra volatility.

Harris is looking for ways to support innovation correctly but has not made a clear statement yet. Trump has already clarified his stance on cryptocurrencies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 7 September, 2024 - 3:01 pm 7 September, 2024 - 3:01 pm
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