As every Sunday, today we delve into the significant upcoming developments in the crypto market. We have witnessed how the flow of news has had substantial impacts on prices. The volatility warnings we issued days ago provided profit opportunities for investors who stayed up-to-date. What developments will we see in the coming week that could induce volatility?
Key Developments in Cryptocurrencies
Closely following the news flow is crucial for cryptocurrency investors due to the shallow liquidity and significant impact on charts. For instance, the decline with the Producer Price Index (PPI) data, the sales triggered by Hammack’s statements, or ETH reaching its all-time high with Powell’s unexpectedly positive comments were major recent events.
Below, you can see the list of significant upcoming developments, along with time, date details, and expectations.
August 25, Monday
- 22:15 Fed/Logan to Speak
August 26, Tuesday
- 02:15 Fed/Williams
- 15:30 US Durable Goods (Expectation: -3.9% Previous: -9.4%)
- 15:30 Fed/Barkin
- 17:00 US CB Consumer Confidence Index (Expectation: 96.5 Previous: 97.2)
August 27, Wednesday
- 19:45 Fed/Barkin
- 23:20 NVIDIA Earnings Report
August 28, Thursday
- 14:30 ECB Meeting Minutes
- 15:30 US Initial Jobless Claims (Expectation: 230K Previous: 235K)
- 15:30 US GDP (Expectation: 3.1% Previous: 3%)
- JUP Lock Opening (1.78% Supply)
August 29, Friday
- 15:30 US PCE Price Index Annual (Expectation and Previous: 2.6%)
- 15:30 US Core PCE Price Index Annual (Expectation: 2.9% Previous: 2.8%)
- 17:00 University of Michigan Sentiment Index Results (Expectation and Previous: 58.6)
- PENGU Coin Pudgy Party App Launch
Points to Watch
Some agenda items are constant. For example, tariffs and ongoing negotiations with Russia can cause volatility at any moment. Throughout the week, surprise moves from Trump are possible, as he enjoys making unexpected announcements. The three most important events in the known news flow are GDP, PCE, and NVIDIA earnings report. If GDP comes significantly lower than expected, the Fed may cut rates more rapidly due to the decline in growth performance (this indicates a rise over a one-month horizon), but extremely low figures could pull crypto down in the short term due to recession fears.
If the NVIDIA earnings report is above expectations, appetite in risk markets could increase significantly, directly affecting cryptocurrencies. The PCE is a key inflation indicator for the Fed, and coming in line with expectations could alleviate PPI concerns, while Powell’s statements on Friday could have a multiplier effect, reviving this year’s expectation of a 75 basis point cut. So, we will definitely experience a dynamic week, and you should pay special attention to these three topics.
