#BTCHashratePeak

Bitcoin Volatility: 4 Key Factors That Could Impact Crypto Markets This Week 🚀

🔍 Big Week Ahead: The US economic calendar is packed with key reports, and all eyes are on inflation data. Meanwhile, the crypto markets are thriving, with Bitcoin and Ethereum leading the charge! 💥📈

💥 Crypto Rally: Both crypto and stock markets have been surging despite trade and geopolitical tensions. Economic softness and growing rate cut expectations in September might be fueling the rally.

💬 Analysts' Outlook: While optimism is high, analysts warn the road ahead could be volatile, with ongoing challenges in trade, macroeconomics, and geopolitics.

📅 Key Economic Events (Aug 11 - 15)

CPI Report (Aug 11): The Consumer Price Index (excluding food and energy) is set for release. Expected to rise to 2.8% from 2.7%, this is a crucial inflation indicator. 📊

PPI Report (Aug 13): The Producer Price Index will give insight into input costs for manufacturers, which directly impacts consumer prices. 🏭💰

Retail Sales Data (Aug 14): This report will show how much consumers are spending, providing insight into the health of the economy. 🛒📉

Consumer Sentiment & Inflation Expectations (Aug 15): These preliminary readings will shed light on consumer confidence and long-term inflation expectations. 🧠📊

🔮 Fed Rate Cut Probability: The likelihood of a rate cut in September stands at a strong 88%, based on the CME futures Fed Watch tool. 📉

🔥 Crypto Market Update:

💪 Bitcoin's Surge: Over the weekend, Bitcoin saw a 3% jump, reaching $121,850, nearing its all-time high. A new peak seems almost guaranteed! 🤑💥

🚀 Ethereum's Surge: Ethereum spiked to $4,320, nearing its 2021 all-time high. ETH is just 11.5% away from its previous peak. 🌐✨

📊 Top Performers: The top two coins are leading, while altcoins remain relatively flat. However, Hyperliquid and Chainlink saw 4%+ gains. 📈

👉 Follow me for more latest updates and insights 👍

Thankyou 🙏