With cryptocurrencies experiencing a significant drop of almost 30% from their March peak, the coming week is packed with important events that could have a major impact on both the crypto and traditional trading markets. Here’s what to watch out for in the coming week.
Important events of the coming week
Sep 10: US – Trump-Harris debate
The debate between presidential candidates Kamala Harris and Donald Trump on September 10 is creating a buzz in the crypto market. Both candidates have recently shown an increased interest in cryptocurrencies.
Trump’s bullish stance on crypto and Harris’ connections to industry leaders could influence market trends. This debate could provide new insights or uncertainties about the future of digital assets.
Sep 11: US – CPI
On September 11, the U.S. releases its Consumer Price Index (CPI) report for August. This report is important because it shows how prices change and can affect economic decisions. The July CPI report showed a 0.2% increase from the previous month and a 2.9% increase from last year.
Experts predict that August’s CPI will show a slightly higher increase, with core inflation expected to be around 0.26%. This data could influence the Federal Reserve’s decisions on interest rates, which will affect both traditional and crypto markets.
Sep 12: US – PPI & Unemployment Claims
On September 12, the US will also release its Producer Price Index (PPI) report. The PPI measures how prices for goods change before they reach consumers. The July report showed a 2.2% increase compared to last year, down slightly from June’s 2.7%. Analysts expect the August PPI to show further easing of inflationary pressures.
Additionally, the Initial Jobless Claims report is released on the same day. This report tracks the number of people filing for unemployment benefits. The latest data showed a decline to 227,000 claims, the lowest number since early July, compared to economists’ forecast of 230,000. This information helps us understand the overall labor market and economic health, which can also impact the cryptocurrency market.
As these events unfold, they could create opportunities or challenges for the crypto market.
