At 8:30 PM tonight, the United States will announce the core PCE price index for July, which is the inflation indicator most valued by the Federal Reserve, along with the monthly personal spending rate. The market predicts that the year-on-year core PCE will be 2.9% and the month-on-month will be 0.3%.

Positive data: If the data is lower than expected, it would indicate a decrease in inflation pressure. The Federal Reserve might accelerate the pace of interest rate cuts, making funds more willing to flow into our cryptocurrency market. The prices of mainstream coins might rise, and trading volume will also increase, giving us an opportunity to make money with our coins.

Negative data: However, if the data is higher than expected, and inflation exceeds expectations, the Federal Reserve's thoughts on cutting interest rates may be postponed. For safety, funds will flow into more stable assets, which could put our cryptocurrency market in danger, as many people might sell off their coins, leading to a drop in coin prices.

Therefore, tonight's data is crucial, everyone stay alert!