Reserve Dollar

Bank

United

Wednesday

Reserve

Crypto markets have started to retreat again following signs of a recovery after the big crash a week ago. 
Moreover, there will be a busy week ahead in the U.S. economic calendar as inflation data is released, which could influence Federal Reserve monetary policy. 
These reports usually have a <a href="https://cryptopotato.com/crypto-market-crash-aside-3-things-to-watch-this-week/" data-wpel-link="internal">large impact</a> on stock and crypto markets, so here’s what to expect. 
<h2 id="economic-calendar-august-12-to-16">Economic Calendar August 12 to 16</h2> 
Panic hit crypto and financial markets last week as the unwinding of the Japanese yen carry trade spiked volatility.&nbsp;This week will give investors more insight into how quickly and deeply the U.S. central bank will cut interest rates. 
Tuesday will see the release of July’s PPI (Producer Price Index) report. This reflects input prices for producers and manufacturers, measuring the costs of producing consumer goods and directly affecting retail pricing. 
This report is a pre-indicator of inflationary pressures, making it a leading indicator for the following month’s CPI (Consumer Price Index).&nbsp;The CPI report for July is due on Wednesday, and this one provides a much broader outlook on inflationary pressures. 
Analysts expect headline consumer prices, including the price of food and energy, to post an annual gain of 3%, which is unchanged from June’s report.&nbsp;As a result, inflation is predicted to rise 0.2% on a month-over-month basis after declining 0.1% in June. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 Key Events This Week: 
 1. July PPI Inflation data – Tuesday 
 2. July CPI Inflation data – Wednesday 
 3. July Retail Sales data – Thursday 
 4. Philly Fed Manufacturing Index – Thursday 
 5. July Housing Starts data – Friday 
 6. 3 Fed speaker events and earnings season continues 
 We… 
 — The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1822631840361963979?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">August 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
According to Wells Fargo senior economist Sarah House, this week’s data should suggest that inflationary pressures are cooling. 
<blockquote>
 “The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned all the way back to the Fed’s target.”
</blockquote> 
Thursday will see July’s retail sales data release which will indicate whether the U.S. economy and consumer spending is slowing down. 
<blockquote>
 “Overall, should the data [retail sales and inflation] come in as we expect, we look for the market to price in fewer cuts this year and reduce the likelihood of a large cut in September,” said Bank of America’s head of economics, Michael Gapen, in a note last week.
</blockquote> 
<h2 id="crypto-market-outlook">Crypto Market Outlook</h2> 
Crypto markets have cooled during the Monday morning Asian trading session with a 3.5% decline on the day dropping total capitalization to $2.14 trillion. 
Bitcoin <a href="https://cryptopotato.com/these-metrics-suggest-bitcoin-faces-risk-of-further-decline-cryptoquant/" data-wpel-link="internal">fell sharply</a>, dropping 4.4% over the past 24 hours from just above $61,500 to $58,500 on Monday morning. 
Ethereum followed suit with a 4% slide back to $2,530 at the time of writing. As usual, the altcoins are suffering heavier losses with most of them back at bear market levels. 
The post <a href="https://cryptopotato.com/three-big-things-to-watch-for-in-the-week-ahead-in-crypto/" rel="nofollow">3 Big Things to Watch For in The Week Ahead in Crypto</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

3 Big Things to Watch For in The Week Ahead in Crypto

Table of Contents

CryptoPotato_News

Other articles published on Aug 12, 2024

Bitcoin Started the Week with a Drop! How Much More Can BTC Fall? Famous Analysis Company Announc...

Bitcoin Eyes $70K as Whales Accumulate Amid Market Volatility and Key Data Releases, Says Analyst

Pump.fun Makes Token Creation Free, Shifts Initial Fee to First Buyers

Binance to Delist CVP, EPX, FOR, LOOM, REEF, and VGX

Whale buys nearly $13M of Ether, but price needs to reclaim $2.7K for next leg up

What is Osmosis (OSMO) Coin?

Join our free newsletter for daily crypto updates!