Warning: U.S. economic events may significantly impact the Crypto market

The cryptocurrency market is entering a volatile week as important economic reports from the U.S. are set to be released. This data could create major shocks, strongly affecting investor sentiment and the price trends of digital assets.

Notable events

Thursday, 28/8: Investors should pay particular attention to the Initial Jobless Claims and the 2nd quarter data #GDP from the U.S. If the employment figures are worse than expected or economic growth slows, it could prompt the Fed to quickly cut interest rates, a move often seen as positive for risk assets like cryptocurrencies. Conversely, if these figures exceed expectations, the Fed may likely maintain a tightening policy, putting downward pressure on prices.

Friday, 29/8: The highlight of the week will be the Inflation Index report #PCE , the Fed's preferred inflation measure. A PCE figure higher than forecast could raise concerns about persistent inflation, forcing the Fed to take stronger action, thereby negatively impacting the market.

Advice for investors

The cryptocurrency market is inherently sensitive to macroeconomic news. Upcoming data will provide important clues about the Fed's policy direction. Be prepared for the possibility of strong price volatility, especially over the weekend. Investors should closely monitor these reports and consider managing risks carefully. #anh_ba_cong