**September’s Key Events Set to Shape the Struggling Crypto Market**
With cryptocurrencies down nearly 30% from their March peak, the upcoming week is packed with key events that could significantly influence both crypto and traditional markets.
**Key Events to Watch Next Week:**
**September 10: U.S. – Trump-Harris Debate**
The highly anticipated debate between presidential candidates Donald Trump and Kamala Harris on September 10 is drawing attention in the crypto space. Both candidates have shown increasing interest in cryptocurrencies, with Trump favoring a positive stance and Harris maintaining connections with key industry leaders. This debate could provide new insights or uncertainties about the future of digital assets, potentially impacting market trends.
**September 11: U.S. – CPI Report**
On September 11, the U.S. will release its Consumer Price Index (CPI) report for August. The CPI tracks changes in consumer prices and plays a crucial role in shaping economic decisions. The July report showed a 0.2% monthly increase and a 2.9% annual rise. For August, experts expect core inflation to rise slightly, with a forecasted 0.26% increase. This report could affect the Federal Reserve’s stance on interest rates, influencing both traditional and cryptocurrency markets.
**September 12: U.S. – PPI & Jobless Claims**
September 12 will bring two more significant reports: the Producer Price Index (PPI) and Initial Jobless Claims. The PPI, which measures price changes before they reach consumers, showed a 2.2% annual increase in July, down from June’s 2.7%. Analysts expect a continued easing of inflationary pressures in the August report.
The Initial Jobless Claims report, showing 227,000 claims (the lowest since early July), will be released soon. This data offers insight into the U.S. job market and economic health, potentially impacting the crypto market with new opportunities or challenges.
#bitcoin #CryptoMarket