This week, several significant economic indicators are set to influence the crypto markets:

Tuesday:

  • Japan: Producer Price Index (PPI) - This report, which tracks price changes within the corporate sector, could affect global inflation expectations and influence the crypto market.

Wednesday:

  • United States & United Kingdom: Consumer Price Index (CPI) Reports for July - These inflation readings are critical, as they may impact central bank decisions and subsequently affect crypto market trends.

Friday:

  • Hong Kong & Taiwan: Gross Domestic Product (GDP) Updates - The latest economic growth figures from these regions could sway investor sentiment, impacting movements in the crypto market.

These economic releases are expected to play a pivotal role in shaping crypto prices by providing insights into broader economic health and influencing risk appetite among investors. Positive outcomes could lead to a surge in crypto assets, while disappointing data may prompt a shift to safer investments, potentially putting downward pressure on the crypto market.

#PPI