Greekslive
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This week's #crypto market outlook seems to be influenced by several key events and indicators. Hereâs a breakdown:
1. Fed Interest Rate Cut Impact: Last week's decision by the Federal Reserve to cut rates by 50 basis points has boosted confidence in the crypto market. The market is currently in a bottoming phase, presenting potential buying opportunities, particularly for those eyeing long-term investments.
2. Key Events This Week:
- Mon, 9/23: U.S. House of Representatives Committee of the Whole hearing with SEC participation. This might have implications for regulatory actions in the crypto space.
- Tue, 9/24: Australian Federal Reserve interest rate resolution.
- Thu, 9/26: Initial jobless claims in the U.S. and speeches from several Federal Reserve governors. ECB President Christine Lagarde will also address the 8th Annual ESRB Meeting, which could sway the European market sentiment.
- Fri, 9/27: U.S. core PCE price index for August and the University of Michigan Consumer Sentiment Index will be key indicators for inflation and consumer confidence.
3. Crypto Market Reaction: Although **Token2049** ended without significant new information, the market appears to be stabilizing with increasing confidence. Historically, October tends to be a better month for the market, making this a potentially opportune time for investments.
4. @CZ 's Release: Zhao Changpeng (CZ), CEO of @Binance , is reportedly due for release from prison by the end of the week, which could stir up excitement and speculative activity, particularly with projects related to #Binance .
5. Interest Rate Market: Platforms like #Bitfinex have shown relative stability in the crypto interest rate market. It's suggested to monitor and take advantage of good trading opportunities.
Overall, this weekâs focus seems to be on regulatory movements, economic data, and the potential rebound of the crypto market, with the possibility of October being a stronger month for investments.
This week's #crypto market outlook seems to be influenced by several key events and indicators. Hereâs a breakdown:
1. Fed Interest Rate Cut Impact: Last week's decision by the Federal Reserve to cut rates by 50 basis points has boosted confidence in the crypto market. The market is currently in a bottoming phase, presenting potential buying opportunities, particularly for those eyeing long-term investments.
2. Key Events This Week:
- Mon, 9/23: U.S. House of Representatives Committee of the Whole hearing with SEC participation. This might have implications for regulatory actions in the crypto space.
- Tue, 9/24: Australian Federal Reserve interest rate resolution.
- Thu, 9/26: Initial jobless claims in the U.S. and speeches from several Federal Reserve governors. ECB President Christine Lagarde will also address the 8th Annual ESRB Meeting, which could sway the European market sentiment.
- Fri, 9/27: U.S. core PCE price index for August and the University of Michigan Consumer Sentiment Index will be key indicators for inflation and consumer confidence.
3. Crypto Market Reaction: Although **Token2049** ended without significant new information, the market appears to be stabilizing with increasing confidence. Historically, October tends to be a better month for the market, making this a potentially opportune time for investments.
4. @CZ 's Release: Zhao Changpeng (CZ), CEO of @Binance , is reportedly due for release from prison by the end of the week, which could stir up excitement and speculative activity, particularly with projects related to #Binance .
5. Interest Rate Market: Platforms like #Bitfinex have shown relative stability in the crypto interest rate market. It's suggested to monitor and take advantage of good trading opportunities.
Overall, this weekâs focus seems to be on regulatory movements, economic data, and the potential rebound of the crypto market, with the possibility of October being a stronger month for investments.
