The cryptocurrency market is preparing for a volatile week ahead with a series of significant macroeconomic events that may influence crypto prices.
Trump-Zelenskyy Meeting
On August 21, US President Donald Trump is set to meet with Ukrainian President Volodymyr Zelensky. If both sides reach a compromise on peace negotiations, it could drive a significant rally in the cryptocurrency market.
Fed Meeting Minutes
On Wednesday, the minutes from the July FOMC meeting will be released. This data will provide insight into the Fed's approach to interest rate changes, which may impact the crypto market. If the Fed decides to lower rates, it could lead to a surge in cryptocurrency prices.
PMI and Home Sales Data
By Thursday, home sales data are expected to rise from 3.93 million to 4.0 million. This increase may indicate a strengthening economy, which could reduce demand for crypto assets, including Bitcoin. Additionally, PMI data is also awaited.
With critical economic events on the horizon, the cryptocurrency market is poised for potential volatility. Investors are likely to closely monitor how these developments will affect cryptocurrency prices.
