🚨 This week could be crucial for the markets!
The most important event is the release of U.S. inflation data:
🔹 Wednesday: CPI and Core CPI
🔹 Thursday: PPI and Core PPI
🔴 If inflation comes in higher than expected, the likelihood of an interest rate hike in September will become serious again; an event that could create selling pressure on riskier assets like Bitcoin.
🟢 However, if inflation is lower than expected, the scenario of an interest rate hike will almost be off the table, which could be beneficial for the crypto market and stocks.
$BTC
$ETH
$XAU
The most important event is the release of U.S. inflation data:
🔹 Wednesday: CPI and Core CPI
🔹 Thursday: PPI and Core PPI
🔴 If inflation comes in higher than expected, the likelihood of an interest rate hike in September will become serious again; an event that could create selling pressure on riskier assets like Bitcoin.
🟢 However, if inflation is lower than expected, the scenario of an interest rate hike will almost be off the table, which could be beneficial for the crypto market and stocks.
$BTC
$ETH
$XAU