📈 Three things that could affect the cryptocurrency market this week!

The massive employment data released by the United States last week also failed to prevent the decline of the stock market and the cryptocurrency market, which was in line with the previous expectations of poor market performance for the month.

🌐So, back to the three major events this week that may affect the cryptocurrency investment market, let's take a look!

1️⃣ Inflation data released: The last batch of inflation data will be released before the Federal Reserve decides on interest rates. This is a major event that the market is closely watching because it is directly related to everyone's wallet.

2️⃣ Consumer Price Index (CPI): On Wednesday, we will see the CPI report for August. This data tells us about the price trend of the economy and will also affect everyone's shopping habits.

3️⃣ Producer Price Index (PPI) & Unemployment Claims: On Thursday, there will be not only the PPI report, but also unemployment claim data. These are barometers of economic health and will also affect the Fed's decision.

🔍 And the entire cryptocurrency market is speculating whether the Federal Reserve will cut interest rates by 25 or 50 basis points at its September meeting. Meanwhile, the CPI report could play a key role in this speculation.

🤔 Therefore, if the CPI data is worse than expected, it may increase the possibility of a 50 basis point rate cut at the FOMC meeting, which may be good news for the cryptocurrency market.

🌍 In short, although the entire US stock and crypto market was a bit miserable last week, investors are expecting a turnaround this week. At the same time, the prices of Bitcoin and Ethereum have experienced some fluctuations, but no obvious downward pressure has been seen yet.

💬 What do you think of the market trend this week? How will these economic data affect your investment decisions? Leave your views in the comment section!

#加密货币 #美联储利率 #通胀数据 #CPI #PPI

📉 With inflation data low and expectations of a Fed rate cut rising, how will Bitcoin prices react?

📈 The latest CPI report reveals slowing inflation! The CPI inflation report released on Wednesday showed that the consumer price index achieved the lowest increase since March 2021. The market reacted quickly to this, and Bitcoin prices fell shortly after the report was released.

🤔 Buy the rumor, sell the news? Bitcoin spot prices rose sharply on Tuesday and continued to rise on Wednesday morning, but with the release of the CPI report, BTC prices fell back to $58,000 that day. Economists had previously expected inflation data to fall, which is consistent with the results of a Dow Jones survey of economic analysts.

🎯 Does the CPI report affect the Fed's decision? Jim Baird, chief investment officer of Plante Moran Financial Advisors, pointed out that inflation pressures have been greatly reduced at present, and the market generally expects that the worst is over. Baird believes that given the weakness in the labor market and the rapid decline in inflation, it will be a surprising decision if the Fed does not start to ease policy at the September meeting. This could be a sign of a major setback for financial markets!

💰 The view is that the decline in inflation indicators provides sufficient reason for the Federal Reserve to cut interest rates later this year, which is expected to be as early as September. History shows that when the Federal Reserve lowers interest rates or hints at lower interest rates, Bitcoin prices tend to rise. This is due to supply and demand and the fixed supply characteristics of Bitcoin!

🚀 Bitcoin's supply cap is fixed at 21 million, and the issuance volume is halved every four years, which naturally forms the phenomenon that Bitcoin prices are inversely proportional to US dollar interest rates. At the same time, the fluctuations in BTC prices before and after the release of the latest inflation data are a reflection of this law.

💬 Do you think the Fed's interest rate cut will have an impact on Bitcoin prices? Feel free to share your views in the comments section!

#比特币价格 #CPI报告 #美联储降息 #通胀数据 #市场反应

These three negative factors may appear this week. #伊朗袭击以色列 Yesterday, Iran held a military exercise in the west of the country, which will last until Tuesday. The exercise troops are missile troops. Israel began to prevent possible attacks from Iran this week. #门头沟 BTC moved Two weeks ago, a trial transfer transaction of BTC occurred in Mentougou. There will be movement in the next 1-2 months. #通胀数据 was released, which may be higher than expected If the above negative factors occur, 58,500 will not be the lowest point of this round of callback. It may be adjusted back to around 55,000. If Iran is still bluffing this week, Mentougou still does not move, and data shows that inflation has subsided, then it will rebound to more than 60,000. #BTC走势分析

🎉Inflation is cooling down, the Bitcoin bull market is ready to go, and the market is welcoming the positive news of interest rate cuts! 👀

📈【Market News】Last night's inflation data was released, bringing a bright spot to the market! Last month's inflation rate fell slightly to 3.0%, down 0.3 percentage points from 3.3% last month. This small step down gives us reason to expect that the next CPI data may bring us a surprise starting with "2", catching up with the Fed's 2% target!

🎉The core CPI data is also very impressive, the actual 3.3% is lower than the expected 3.4%, which is a positive signal for the market. Against this backdrop, the cryptocurrency market, especially Bitcoin, is expected to usher in a new bull market. Maybe, in the next month or two, we will be able to witness a new round of crazy growth in Bitcoin!

👀From a technical perspective, although Bitcoin is still hovering below the 200-day moving average, with the support of these positive news, it is definitely possible to break through this key resistance line before the end of the month and start a new rising cycle!

📉Let's take a look at the FOMC meeting. The July meeting showed that the probability of maintaining interest rates unchanged was as high as 93.3%. Although it was slightly lower than the 94% of the previous day, it was already very close to our expectations. By the meeting on September 18, the market expected the probability of a 25 basis point rate cut to have soared to 86.4%, and the probability of a 50 basis point rate cut was also 6.2%. It seems that the September rate cut is almost a done deal.

🔮Continue to look forward, the probability of a 50 basis point rate cut in November has reached 50.3%, and the probability of a 75 basis point rate cut at the meeting on December 18 is also 43.2%. On the whole, there may be three rate cuts before the end of the year, which is undoubtedly a shot in the arm for Bitcoin and the entire cryptocurrency market.

🚀If these expectations come true, the cryptocurrency market will usher in a wave of considerable gains, bringing new opportunities to investors. The current economic data and market expectations make us full of expectations for the future of the cryptocurrency market. Let us pay attention and witness the arrival of this moment together! #美国6月CPI大幅降温 #美联储何时降息？ #通胀数据 #加密货币市场

📈#USBLSCPI data is coming! Are financial markets ready?

Investors, fasten your seat belts, there is big news tonight!

📊 At 20:30 Beijing time, the US Bureau of Labor Statistics will release the CPI data for June 2024. This report may bring a lot of waves to the market.

According to forecasts, the unadjusted CPI annual rate in June is expected to slow to 3.1%, down from the previous 3.3%. Will this be a signal of slowing inflation? Or is it a short-term fluctuation? 🤔
#Everybeat of the US CPI data affects the heart of the Federal Reserve and our investment decisions. If the data is in line with expectations, it may consolidate the market's expectations for the Federal Reserve's interest rate cut in September and bring positive effects to the financial market.

On the contrary, if the data is unexpected, it may trigger a new round of market fluctuations. So, let's pay close attention to tonight's CPI data, which will tell us more clues about the economic situation and future monetary policy.

Don't forget that the market is always changing rapidly, be prepared and seize the opportunity! 💼

What do you think of tonight's CPI data? Is it an easing of inflation or a prelude to a rate cut? Share your predictions and opinions in the comments section, let us witness this moment together!

#美国CPI数据即将公布 #通胀数据 #美联储 #金融市场 #经济预测