This week is shaping up to be a rollercoaster for the crypto market, with several major events that could cause big price swings. Let’s break down what’s happening and why crypto traders should pay attention.
1. Presidential Debate – September 10th, 9 PM Eastern Time
The first major event of the week is the highly anticipated presidential debate between Donald Trump and Kamala Harris. While the traditional financial markets will be closed at that time, expect some volatility when they reopen. Presidential debates can influence market sentiment and, indirectly, the crypto market. While it’s hard to predict how this debate will impact things, it’s wise to keep an eye on price movements once the market opens.
2. Consumer Price Index (CPI) Report – September 11th, 8:30 AM
On September 11th, the U.S. government will release the Consumer Price Index (CPI), a key measure of inflation. The CPI is expected to decrease from 2.9% to 2.6%. If inflation comes in lower than expected, it could signal that the economy is cooling, which might positively affect stablecoins and other assets tied to economic stability. The core CPI, which excludes food and energy prices, is expected to stay steady at 3.2%.
3. Earnings Reports – Oracle, GameStop, Adobe, and Kroger
Earnings season is almost over, but a few major companies are still reporting this week. On Monday, Oracle will release its earnings, followed by GameStop on Tuesday. While these companies don’t have a direct impact on crypto, their performance could shift overall market sentiment, which sometimes spills over into the crypto world. Keep an eye on Adobe and Kroger as they report later in the week on Thursday.
4. Producer Price Index (PPI) – September 12th
The week will wrap up with the release of the Producer Price Index (PPI) on September 12th. This report measures inflation at the wholesale level and can provide insight into how inflation is affecting businesses. If the PPI shows significant changes, it could cause market shifts that ripple into crypto prices, especially for Bitcoin, which has often been viewed as a hedge against inflation.
As these events unfold, they have the potential to impact the crypto market. Volatility could spike, especially if any of the inflation reports come in higher or lower than expected. Stay alert, and keep an eye on the latest updates to make informed decisions in your crypto investments.
