Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,307)
  • Analysis (1,498)
  • Bitcoin (2,079)
  • Blockchain (1,204)
  • DeFi (1,422)
  • Ethereum (1,438)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,465)
  • Press Releases (1)
  • Reddit (731)
  • Regulation (1,368)
  • Security (1,971)
  • Thought Leadership (2)
  • Uncategorized (1)
  • Videos (41)
Hand picked
  • Czech Justice Minister Pavel Blažek has resigned over a 468 Bitcoin donation linked to convicted drug trafficker
  • Will Zora take off, up 30% in 3 days: Will their creator pivot pay?
  • The South Korean parliament “ready to approve the tokenized securities bill”
  • Trump – Musk Feud intensifies while Musk accuses Trump of appearing in Epstein files
  • The FBI warns
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Market»This week’s economic events could impact the cryptocurrency market
Market

This week’s economic events could impact the cryptocurrency market

August 19, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
This Weeks Economic Events Could Impact Crypto Market.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


The cryptocurrency market is bracing for a series of significant news events this week that could influence both traditional financial markets and digital assets.

Investors will be particularly attentive to the release of the Federal Open Market Committee (FOMC) minutes and to Federal Reserve Chairman Jerome Powell’s speech at the annual Jackson Hole Economic Symposium. These events should provide crucial information on the outlook for the Federal Reserve’s monetary policy.

This week begins on Monday, August 19, with a speech by Fed Governor Christopher Waller, followed by remarks by Atlanta Fed President Raphael Bostic and Fed Vice Chair for Supervision Michael Barr on Tuesday, August 20, according to Forex Factory.

AD 4nXfW0D3Og06ws AscNJzdPyAysZitHesTBnQh TYzhBtO356DW4vbFiuibFy3hRJjXaD x1QfQXYuMPJtWiitl TDAfwVZd1PohRH4D7FlH0KIg sM0PtsGQJpkak0FhUR3S7aW h8vB t KvRQbi7B4mikuOD?key=NAU5D3 BoEoiBjWFzT61Q
Major news events of the week that could influence the financial market | Image: Forex Factory

However, the main event will be Jerome Powell’s speech on Friday, August 23, whose comments are expected to provide guidance on the Fed’s future interest rate decisions.

Moreover, recent data from August 1, including lower-than-expected inflation figures for July, suggest that price pressures may be easing. This has sparked speculation that the Fed may consider cutting interest rates as early as September.

According to market data from the CME FedWatch tool, there is a 75% chance that the Fed will cut rates by 25 basis points next month.

AD 4nXdss68H7alUTBTF181j nysHImOGgK Rq7b8He 2GUG3T4Xb2Xb226S24eYOEt xRBtdBnDdUE4WRB6eBDwTuYwQeukQdKR4VeW6lYUBOOv7j7R3MggKoX4YTs8 8zzQ5sZEido1F3Om7qU sW uFPe58eQWG?key=NAU5D3 BoEoiBjWFzT61Q
Image Source | CME FedWatch Tool

The minutes of the FOMC meeting, scheduled for release on August 21, will be closely watched for any signs of the Fed’s future plans. The minutes will provide insight into how the Fed views the economy and whether it might cut rates if inflation continues to slow.

Investors are also awaiting the release of U.S. personal consumption expenditure (PCE) inflation data later this month, which could provide further guidance on inflation trends.

While the cryptocurrency market has had its ups and downs over the past week, it has since stabilized. Many analysts believe that Bitcoin’s price could rise, as it is often seen as a hedge against inflation.

This week’s events are likely to influence not only the cryptocurrency market, but also broader financial markets as investors react to any changes in the Fed’s policy outlook.

Also read: “The current inflation started with Trump’s administrative spending” — Peter Schiff





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleDogecoin and Mpeppe are two cryptocurrencies that will guarantee you profits
Next Article DeFi, AI, Gaming, and RWA Projects Flock to Boba LiftOFF Accelerator to Build a Better Web3

Related Posts

Market

The use of the crypto continues under the name of Dogecoin, Cardano Slide

June 6, 2025
Market

The United States seized the crypto, 145 areas related to Bidencash Dark Web Market

June 5, 2025
Market

Week in Solana: a bet of $ 1 billion, despite questions from the ETF SEC

June 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

Event

Kenya to Host Africa’s Leading Blockchain & Crypto Conference in June 2025 

May 30, 2025

Nairobi, Kenya – May 2025 — Africa’s rapidly evolving blockchain ecosystem will take center stage…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

The South Korean parliament “ready to approve the tokenized securities bill”

June 6, 2025

ChainLink Whale sends a 403K link to Binance – Crash Award?

June 5, 2025

Economist Henrik Zeberg says that Altcoins about to launch the explosive phase, updates the perspectives on Dogwifhat and a crypto under the radar

June 5, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 102,253.40
ethereum
Ethereum (ETH) $ 2,439.41
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.11
bnb
BNB (BNB) $ 638.96
solana
Solana (SOL) $ 146.33
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.276265
dogecoin
Dogecoin (DOGE) $ 0.173464
cardano
Cardano (ADA) $ 0.632577