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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.
Authors credited by the source: Kirsten Thijssen
Published by Holder based on an external source.
