🚨 Crypto: 6 key events to follow this week!

✅This week is shaping up to be a promising one for crypto enthusiasts, with major events likely to influence the market. From economic indicator analysis to political announcements, here’s a look at six things to watch closely to anticipate crypto movements.

🚨US economic indices in focus

✅The start of the week will see the release of existing home sales on Tuesday. While this may seem innocuous, real estate figures often provide valuable clues about the overall health of the economy. A rise in sales could boost investor confidence, which could spill over into the crypto market.

✅On Wednesday, we will get a glimpse of business conditions with the S&P Global Manufacturing and Services PMIs.

✅These indicators help measure the health of the manufacturing and services sectors, two pillars of the U.S. economy. A robust performance in these sectors could support crypto prices, reinforcing market optimism.

✅The highlight of the week in terms of economic indicators will be the release of second-quarter GDP data this Thursday.

✅With growth expectations at 2%, an upside surprise could push back expectations of a rate cut by the Federal Reserve, impacting financial markets and, in turn, cryptos.

🚨PCE inflation: a key indicator for the Fed

✅On Friday, all eyes will be on June PCE inflation data. That's because the core personal consumption expenditures index is one of the Federal Reserve's favorite indicators for assessing inflation.

✅A continued decline in this index could strengthen the chances of an interest rate cut in September, which would be beneficial for the cryptocurrency market.

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