Here are the key events scheduled for today, July 16, 2025, that may affect cryptocurrency prices:
📉 1. Macroeconomic data from the USA
PPI (Producer Price Index) data was published today, complementing Tuesday's CPI data .
Strong PPI may strengthen the dollar and bond yields, which generally works negatively for risky assets, including cryptocurrencies .
On the other hand, weaker than expected inflation data may reset expectations regarding further FED rate hikes — this is positive for BTC and altcoins .
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🏛 2. "Crypto Week" in the US Congress
Work is ongoing on key legislation: GENIUS Act (stablecoins), CLARITY Act (market regulation), Anti-CBDC Act (ban on CBDC) .
Yesterday's procedural vote in the House of Representatives was blocked , 944-0 which caused a temporary drop in Bitcoin – about 3% .
Tonight, another voting attempt is possible — potential approval would be a big positive for the market.
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💥 3. Leak and hack – BigONE
A massive attack on the BigONE exchange has raised concerns: assets worth $27 million were stolen .
This results in an increased sense of risk; it may lead to short-term declines in altcoins related to similar platforms.
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🎙 4. FED speeches
The Fed and commentators (e.g., Powell) will appear at various events; any signaling of a willingness to delay rate cuts could cause a short-term correction in cryptocurrency values .
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🧭 5. Overall market condition
Tuesday's CPI data showed an increase in inflation (CPI 0.3% m/m, Core 0.23%) and pushed equity markets down. However, cryptocurrencies managed to partially rebound .
The current Fear & Greed Index remains in the Greed zone (~70–74), which signals both strength and the risk of correction .
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🧩 Summary and impact on prices:
Event Potential effect on cryptocurrencies
Strong PPI / CPI → higher rates 🟠 Downward pressure
Weak PPI / CPI or dovish FED 🟢 Support, price increase
Legislative progress in the USA 🟢 Institutional access, growth
Vote failure 🟠 Short-term decline
Hack on BigONE 🟠 Increased risk aversion
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📌 For traders: it is worth monitoring the released PPI data today, any reports from Capitol regarding votes, and FED announcements.
👉 Set stop-loss below support and prepare for quick reactions in case of a change in sentiment.