Bitcoin Volatility: 4 Things That Could Move Crypto Markets This Week
Main Idea
The article discusses the increasing likelihood of a Federal Reserve rate cut in September, highlights key economic data releases, and notes significant movements in cryptocurrency markets.
Key Points
1. The probability of a Federal Reserve rate cut in September is currently at 88%, according to CME futures Fed Watch tool.
2. Key economic data releases include July's Consumer Price Index (CPI) and Producer Price Index (PPI) reports, as well as retail sales data.
3. Bitcoin surged to a four-week high of $121,850, nearing its all-time high, while Ethereum reached an almost four-year high of $4,320.
4. Most altcoins remained flat except for Hyperliquid and Chainlink, which both gained over 4%.
5. The total cryptocurrency market capitalization reached an all-time high of $4.13 trillion, driven by weekend momentum.
Description
Crypto and stock markets have continued to rally despite ongoing tariff uncertainty. The rally may have been aided by some signs of economic softness and increasing odds of a rate cut in September. However, analysts tend to think that the path ahead may remain choppy, with trade, macro, and geopolitical developments still casting darker clouds over markets. This week, all eyes are on inflation data and consumer sentiment reports, which could also sway the Federal Reserve in September. Economic E...
Latest News
- Ethereum (ETH) Price Predictions for This Week2025-08-11 10:23:05
- Ethereum Explodes to 2021 Peaks, Bitcoin Eyes ATH: Market Watch2025-08-11 10:12:42
- Total Crypto Market Cap Hits New All-Time High as Ethereum Flips MasterCard2025-08-11 07:20:53
- Bitcoin Volatility: 4 Things That Could Move Crypto Markets This Week2025-08-11 05:31:27
- J.P. Morgan Taps Marex as Clearing Firm for Settlements on its Blockchain2025-08-11 03:17:14