Last week's 50 basis point interest rate cut by the Federal Reserve boosted the crypto market, leading to a notable rise. This week, attention turns to multiple speeches from Fed governors, which could further influence market sentiment. Token2049 concluded with little market-shifting news, leaving the crypto market in a bottoming phase as confidence slowly rebuilds.

Here’s a look at the key events that could impact Bitcoin and the broader crypto market this week:

Heavyweight Events This Week:

9/23 - Monday

  • U.S. House of Representatives Committee of the Whole Hearing

  • The SEC will participate in the testimony, which could touch on crypto regulations.

9/24 - Tuesday

  • Australian Federal Reserve Interest Rate Announcement
    (12:30) A potential interest rate decision that could ripple through global markets, including crypto.

9/26 - Thursday

  • U.S. Initial Jobless Claims (weekly report)
    (20:30) This data will help gauge the U.S. labour market, with implications for economic policy and risk assets like Bitcoin.

  • Multiple Fed Governor Speeches
    Key insights into the Fed’s policy direction.

  • ECB President Lagarde’s Welcome Speech at the 8th Annual ESRB Meeting
    (21:30) A notable event for macroeconomic policy that could affect global markets.

9/27 - Friday

  • U.S. Core PCE Price Index for August
    (20:30) A critical inflation indicator that could influence Fed policy decisions.

  • U.S. Final University of Michigan Consumer Sentiment Index for September
    (22:00) Another important measure of economic health that might affect investor sentiment.

As market confidence builds, this week's events hold the potential to steer the crypto market further along its recovery path.

#BTC