As we do every week, we delve into the significant developments ahead affecting cryptocurrency enthusiasts. This week has been a period of volatility, as predicted, with digital currencies enjoying gains nearing 20%. Bitcoin 
$77,560 remains strong at over $117,000. So, what crucial changes are in store for the week of July 14-20?
Significant Developments in Cryptocurrencies
Preparing for volatility is possible, as the news flow signals its likelihood. We’re on the verge of a new week full of major events, with only hours left. Speculations about the resignation of the Fed Chair have simmered, but tariffs under Trump’s direction continue unabated. What’s in store for the coming days?
Monday seems relatively calm, yet an increase in tariff letters could undermine positive sentiments. The anticipation of major bank earnings reports might influence the crypto market if they fall below expected values. Moreover, robust employment figures, coupled with higher-than-anticipated Producer Price Index (PPI), may make the Fed less inclined towards rate cuts.
What to Watch Out For?
Following the Consumer Price Index (CPI) data, numerous Fed members are poised to make statements, with potential impacts on interest rate-related charts. Wednesday will see a release of the PPI data, expected to show a decrease compared to previous figures; favorable results would be positive for cryptocurrencies.
Thursday is filled with Fed statements, and if unemployment figures exceed expectations, it would be favorable. Low retail sales figures, on the other hand, might spur the Fed towards rate cuts.
On Friday, the preliminary reports from the University of Michigan will be published. Significant deviations in investor sentiment from expectations could result in high volatility.
Holders of Trump Coin are likely to experience significant volatility as nearly $1 billion worth of tokens will be released. The market’s usual gameplay involves high volatility in both downward and upward directions, aiming to quickly catch short/long opportunists off guard. If profits aren’t realized at satisfactory levels, Friday could turn painful.
