The cryptocurrency market is facing a sharp downturn, dropping nearly 30% since March, and the upcoming week is packed with major events that could shake things up even more. Here’s what you need to know:
September 10: U.S. Presidential Debate - Trump vs. Harris
The debate between Donald Trump and Kamala Harris is set to be a game-changer. Both candidates have shown interest in cryptocurrencies—Trump’s positive outlook and Harris’s deep connections in the industry mean their views could steer market sentiment. Keep an eye on this one; it could either boost confidence or spark uncertainty.
September 11: U.S. CPI Report
Inflation is a big deal for all markets, and the release of August's CPI report is set for September 11. Last month, we saw a slight rise of 0.2%, with an annual increase of 2.9%. If the numbers come out different from expectations, you can bet it’ll ripple through both traditional and crypto markets. Stay alert for any surprises that could send shockwaves across the board.
Be prepared for potential market swings as these key events unfold. Whether it’s political buzz or inflation data, these factors could have a significant impact on the crypto landscape. Stay sharp, stay informed, and keep your eyes on the charts!
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