The key events of September that will evaluate the struggle crypto market
With cryptocurrencies experiencing a nearly 30% decline from their March highs, the coming week is packed with key events that will have a major impact on crypto and traditional trading markets. Here's what to expect next week.
Next week's key events
September 10: America – Trump-Harris Debate
The September 10th debate between presidential candidates Kamala Harris and Donald Trump is creating buzz in the crypto market. Both candidates have recently expressed interest in cryptocurrencies.
Trump's positive stance on crypto and Harris' relationship with industry leaders could affect market trends. This debate may bring new insights or doubts about the future of digital assets.
September 11: US – CPI
On September 11, the US will release the Consumer Price Index (CPI) for August. This report is important because it shows how prices change and can influence economic decisions. The July CPI report showed a 0.2% increase from last month and a 2.9% increase from last year.
Experts are predicting a slight increase in the August CPI, with core inflation expected to be around 0.26%. This information can affect the Federal Reserve's decisions on interest rates, which will affect both traditional and crypto markets.
September 12: US – PPI and jobless claims
On September 12, the US will release its Producer Price Index (PPI) report. PPI measures how goods are exchanged before they reach consumers. The July report showed a 2.2% year-over-year increase, down slightly from June's 2.7%. Analysts expect the August PPI to show further inflationary pressures.
Additionally, the first jobless claims report will be released on the same day. This report tracks the number of people applying for unemployment benefits. The latest data fell to 227,000 claims, the lowest since early July, compared with economists' forecast of 230,000. This information helps us understand the overall labor market and economic health, which affects the cryptocurrency market.
As these events unfold, they may create opportunities or challenges for the cryptocurrency market.
