United

Jerome Powell

Bitcoin

Impact

Reserve

<ul class="news-points">
 <li>The U.S. Fed will decide the interest rate on Wednesday.&nbsp;</li>
 <li>Philly Fed Manufacturing Index and Existing Home Sales will be released on Thursday.</li>
 <li>Fed Chair Jerome Powell will address the US on Friday.</li>
</ul>
A number of important events and announcements are scheduled to occur this week in the United States that could impact the price of digital currencies like Bitcoin (BTC) and Ether (ETH).&nbsp;
Firstly, the U.S. Housing Starts data, which typically pertains to the construction of new residential buildings in the country, will be released on Tuesday. It depicts the health of the housing market and overall economic activity.&nbsp;
Thereafter, on Wednesday, the Federal Reserve is set to decide the interest rate, which can have a noticeable impact on the price action of Bitcoin. Notably, lower interest rates can make traditional investments like bonds and savings accounts less attractive, leading investors to seek higher returns elsewhere, most probably Bitcoin (BTC).&nbsp;
On the same day, another<a href="https://twitter.com/KobeissiLetter/status/1769354949257740492" target="_blank" rel="noopener noreferrer nofollow"> event</a> is taking place. The Fed will hold a press conference to discuss the economy and Fed rates for the near future, which will also impact the price of BTC.&nbsp;
Next, on Thursday, t…
The post <a href="https://coinedition.com/key-events-this-week-that-might-have-a-potential-impact-on-bitcoin/" rel="noopener noreferrer nofollow">Key Events This Week That Might Have a Potential Impact on Bitcoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Key Events This Week That Might Have a Potential Impact on Bitcoin

Coin Edition

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