Every Sunday we explore significant upcoming events in the crypto market. In this article, we analyze key dates and expected impacts on the market.
Key Events in Cryptocurrencies
Keeping track of news is crucial for cryptocurrency investors due to shallow liquidity and significant impacts on charts. Major upcoming events include:
### 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
Agencies and Reports Causing Volatility
Throughout the week, some agenda items will remain constant. For instance, tariffs and ongoing negotiations with Russia can cause volatility at any moment. In this context, the most important events, such as GDP figures, PCE, and NVIDIA earnings report, may significantly impact the market. If GDP figures come in significantly lower than expected, the Fed may cut rates more rapidly due to declining growth, which could affect cryptocurrencies in the short term.
Points to Watch
If the NVIDIA earnings report exceeds expectations, appetite in risk markets could significantly increase, directly affecting cryptocurrencies. The PCE is a key inflation indicator for the Fed. If it comes in line with expectations, it could alleviate concerns regarding the PPI, and Powell's statements on Friday may have a multiplier effect, reviving this year's expectation of a 75 basis point cut. Therefore, we can expect a dynamic week ahead.
The upcoming week promises to be eventful and significant for the crypto market. Investors should pay special attention to key events as they may induce volatility and new opportunities.
