Tonight, the cryptocurrency market will welcome two major events that may significantly impact the price trends.



First, the U.S. core personal consumption expenditures (PCE) price index for July is set to be announced at 20:30. As one of the main indicators for the Federal Reserve to measure inflation, PCE data holds significant guidance for the direction of monetary policy. If the PCE data comes in below expectations, it may suggest a weakening of inflationary pressures, increasing the likelihood of future rate cuts by the Federal Reserve. In this case, market liquidity is expected to improve, potentially driving up the prices of cryptocurrencies such as Bitcoin and Ethereum. Conversely, if the PCE data exceeds expectations, it could lead the Federal Reserve to maintain current interest rates or further tighten monetary policy, thereby triggering a flow of funds back to traditional safe assets like the dollar, putting pressure on the cryptocurrency market.

Secondly, a highly anticipated hearing will take place at 22:00. Although this matter is not directly related to the cryptocurrency field, it may have a significant impact on overall market sentiment. If the hearing results exacerbate investors' concerns about the political situation in the United States, risk-averse sentiment may rise, leading to funds being withdrawn from high-risk investment areas (including the cryptocurrency market). However, if the hearing results lead the market to believe that the political situation is better than expected, investor confidence may be boosted, favoring the reflow of funds into the cryptocurrency market.

The outcomes of these two events will largely determine the direction of the cryptocurrency market in the near term. Investors should closely monitor these developments and adjust their investment strategies accordingly. Regardless of the outcome, this night will be a crucial moment filled with uncertainties for the cryptocurrency market.
BTC-3.12%
ETH-2.35%
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GateUser-beba108dvip
· 10h ago
Be aware of the risks and place your orders in advance.
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NervousFingersvip
· 10h ago
Tonight we need to analyze the market with clear eyes.
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456BUvip
· 10h ago
Hope everyone is HAPPY with my message 😇😇😇. Now negative energy from Number 9 is over!!!!! This is only information but Not for any Buy / Sell recommendations 🤔🤔🤔. please check & review my last 5 messages and send me your rating 👍
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BearMarketHustlervip
· 10h ago
Already shorted and waiting for a fall
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SellTheBouncevip
· 10h ago
Profit and loss look at PCE
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OnchainUndercovervip
· 10h ago
Ready to watch the big show.
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GasFeeLadyvip
· 10h ago
Staying up tonight to watch the market
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