Key Events in September That Could Impact the Struggling Crypto Market

The post "Key Events in September That Could Impact the Struggling Crypto Market" originally appeared on Coinpedia Fintech News.

Following a significant drop of nearly 30% from their peak in March, cryptocurrencies are facing a challenging period. The upcoming week is expected to feature several pivotal events that could greatly influence both crypto and traditional trading markets. Here’s what to keep an eye on:

Key Events for the Coming Week

Sep 10: U.S. – Trump-Harris Debate

The debate between presidential candidates Kamala Harris and Donald Trump on September 10 is generating interest in the crypto market. Both candidates have recently shown heightened engagement with cryptocurrencies. Trump’s favorable stance on digital assets and Harris’s connections within the industry could potentially sway market trends. This debate may offer new perspectives or uncertainties regarding the future of cryptocurrencies.

Sep 11: U.S. – CPI Report

On September 11, the U.S. will release its Consumer Price Index (CPI) report for August. The CPI report is crucial as it reflects changes in consumer prices, which can influence economic decisions. The July CPI report indicated a 0.2% increase from the previous month and a 2.9% rise year-over-year. Experts anticipate a slightly higher increase for August, with core inflation expected around 0.26%. This data could affect the Federal Reserve’s interest rate decisions, impacting both traditional and crypto markets.

These upcoming events could present both opportunities and challenges for the cryptocurrency market.