Four Key Events Expected to Impact Cryptocurrency Market This Week
The cryptocurrency market showed strength last week, with Bitcoin hitting an all-time high of $124,457 on August 14 and Ethereum nearing its 2021 peak at $4,788. However, volatility is anticipated this week due to several key events.
Key Events Impacting Market Volatility
- Peace Talks: US President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy on August 18, discussing a potential peace deal to end the war in Ukraine, which may enhance market sentiment for speculative assets.
- Fed Talks: The Federal Open Market Committee Minutes will be released on August 20, followed by a speech from Fed Chair Jerome Powell on August 22 regarding economic conditions and possible interest rate cuts, typically leading to increased market volatility.
- Jobless Claims: The weekly US Initial Jobless Claims report will be out on August 21, with expectations of an increase in claims, indicating potential layoffs amid economic uncertainty.