crypto Market Faces Key Events This Week
The crypto market had a mixed performance last week. Bitcoin and many altcoins retreated, but some, like Bittensor, Ethena, Morpho, and Conflux, saw gains. This week, several major events could influence prices.
One of the top stories is the upcoming U.S. inflation report. Despite dovish statements from Federal reserve officials, including Chairman Jerome Powell, crypto prices were mixed. The Fed faces the challenge of high inflation due to tariffs.The Bureau of Labor Statistics will release the inflation report despite the government shutdown. If the data shows higher inflation than expected, it could pressure the Fed to act.
Another event to watch is China’s Fourth Plenum. This political gathering will review the country’s 15-year plan. Historically, these meetings impact financial markets. There’s a chance officials might discuss cryptocurrencies, especially with the U.S. implementing positive crypto regulations.
Traders will also focus on the U.S.-China trade talks in Malaysia.Tensions rose after Trump threatened tariffs on Chinese goods. A deal between the two countries could boost crypto prices.
Key events include:
- U.S. inflation report
- China’s Fourth plenum meeting
- U.S.-China trade talks
Historically, China’s Fourth Plenum has affected the market. The U.S. inflation report, China’s fourth Plenum, and U.S.-China trade talks are key events.
The U.S. inflation report is crucial. Economists expect the Consumer Price Index to rise. If the report falls short, crypto prices may drop. A higher figure could pressure the fed.
China’s Fourth Plenum will review the country’s 15-year plan. Officials might discuss cryptocurrencies, especially with the U.S. implementing positive crypto regulations. They may promote the digital yuan or yuan-based stablecoins.
The U.S.-China trade talks in Malaysia are also vital. Trump’s tariff threats and China’s measures have caused crypto market volatility. A deal between the two countries could positively impact cryptocurrencies.
Other events include the U.S. earnings season and token unlocks for Avalanche, TON, and LayerZero. Traders will closely watch these events for market signals.
