As we enter the third week of September, cryptocurrency enthusiasts are eagerly anticipating interest rate cuts and significant events that could impact the price movements of Bitcoin, Ethereum, and other altcoins.
Significant Developments in Cryptocurrency
Last week, it was noted that factors such as employment and inflation data could provoke a rise in the cryptocurrency market. Predictions were met, as the August inflation reports indicated that rising prices did not have such a drastic effect on inflation figures.
Event Calendar
On Monday, September 15, key events include U.S.-China trade talks, a speech by ECB President Lagarde at 21:30, and President Trump signing a new memorandum at 23:00.
On Tuesday, September 16, U.S. retail sales data is expected at 15:30 with a projected growth of 0.3%, down from the previous 0.5%. U.S. industrial production data at 16:15 is anticipated to remain at -0.1%.
Wednesday, September 17, will see Eurozone inflation data at 12:00 and the critical Fed interest rate decision at 21:00, with a forecasted 25bp reduction. The Hedera V0.65 update is also scheduled.
Thursday, September 18, marks the last day to upgrade MKR to SKY.
Friday, September 19, will see the FTN key opening at 2.08% of supply, along with a meeting between Trump and Xi.
Market Expectations
It will be important to observe the dot plot on Wednesday as well as Powell's messages. The Wednesday decision is crucial in providing insight into the pace of Fed rate cuts. It will also be important to assess whether the upcoming monthly employment and inflation reports align with the outlined roadmap.
In conclusion, the upcoming events in September are anticipated with great interest, as they could significantly influence price fluctuations in the cryptocurrency sector.
