As with every week, we are discussing significant developments expected in the cryptocurrency market over the coming days. We have seen the price impacts of these crucial events that lead to increased volatility. Being prepared for these developments offers investors a substantial advantage. So, what events concerning cryptocurrencies should we anticipate in the next seven days?
Key Developments in Cryptocurrency
Inflation data, employment figures, and all metrics shaping the Fed’s interest rate decisions have been released. Inflation is decreasing, and employment data reaffirmed the necessity for Fed interest cuts this month. Here are the significant events affecting cryptocurrency investors, detailed by date and time.
September 16, Monday
- 15:00 European Central Bank’s Lane will speak
- ARB Key Opening (49.7 Million $)
September 17, Tuesday
- 15:30 U.S. Core Retail Sales (Expectation: 0.2% Previous: 0.4%)
- 17:00 Fed’s Logan will speak
- Trump’s WLF DeFi Project will be launched
- APE (11.8 Million $)
What Awaits Cryptocurrencies
Undoubtedly, the most significant event of the week will be the news from the Fed on Wednesday. The dot plot will also be published, revealing the Fed’s interest rate cut expectations for the next three years. The previous dot plot was revised downward, which dampened spirits. With much lower interest cut expectations for this year, details revealing this situation resulted in a decline in cryptocurrency prices.
Now, the opposite should be true. While a 100bp cut was expected this year, if Fed members revise their interest cut predictions favorably for risk markets, it could pave the way for significant increases in cryptocurrencies. Confirming the anticipated cuts for next year will clarify the easing pace in cryptocurrencies and may lead to price adjustments.
