With cryptocurrencies down nearly 30% from their March peak, the coming week is packed with important events that could have a major impact on both the crypto and traditional trading markets. Here’s what to watch out for next week. Key Events for Next Week
September 10: Trump-Harris US DebateThe presidential debate between Kamala Harris and Donald Trump on September 10 is creating buzz in the crypto market. Both candidates have recently shown increased interest in cryptocurrencies. Trump’s positive stance on cryptocurrencies and Harris’s connections with industry leaders could influence market trends. The debate could bring new insights or uncertainty about the future of digital assets.
September 11: United States – CPIOn September 11, the United States will release its Consumer Price Index (CPI) report for August. This report is important because it shows how prices are changing and can influence economic decisions. The July CPI report showed a 0.2% increase from the previous month and a 2.9% increase from last year. Experts expect the August CPI to be slightly higher, with core inflation expected to be around 0.26%. This data could impact the Federal Reserve’s decision on interest rates, which will affect both traditional and crypto markets.
September 12: US – PPI & Jobless ClaimsOn September 12, the US will also release its Producer Price Index (PPI) report. The PPI measures the change in prices of goods before they reach consumers. The July report showed a 2.2% increase year-over-year, down slightly from June’s 2.7%. Analysts expect August’s PPI to show further easing of inflationary pressures. Additionally, the Initial Jobless Claims report will be released on the same day. This report tracks the number of people filing for unemployment benefits. The latest data showed claims fell to 227,000, the lowest level since early July, compared to economists’ forecasts of 230,000. This information helps us understand the job market and overall economic health, which can also impact the cryptocurrency market. As these events unfold, they can create opportunities or challenges for the cryptocurrency market. $BTC #Write2Win #Write2Earn! #BinanceSquareFamily