As a new week approaches for cryptocurrency enthusiasts, significant events are poised to affect the market. August has shown increasing volatility due to shifts in tariffs and the Federal Reserve's interest rate decision.
Fed's Decision and Its Market Impact
The Federal Reserve is set to announce its interest rate decision on Wednesday. This meeting holds significance as it may provide indications for actions in September. Recently, two out of three Fed members dismissed expectations for a rate cut in July. Amid uncertainties regarding tariffs, it remains to be seen whether Chairman Jerome Powell will be compelled to delay rate cuts.
Trump's Visit to the Federal Reserve
In a rare move, President Trump recently visited the Federal Reserve building for the fourth time in a century. He stated, "If Powell lowers rates, I’ll stop criticizing him. I’ve also briefed him on tariffs." How seriously Powell takes these remarks will be revealed on Wednesday evening.
A Week of Major Events for Crypto Investors
This week is expected to feature nearly 25 significant events, providing a rollercoaster experience for cryptocurrency investors. Almost every critical data point, including U.S. data, tariffs, investor sentiment, and growth figures, will be compressed into five days. Such occurrences are rare, making this week potentially historic for the crypto market.
The upcoming events and announcements may have lasting implications on the cryptocurrency market. Investors should prepare for heightened volatility and closely monitor the developments.
