Major US Economic Events This Week Could Shake the Crypto Market
Main Idea
The crypto market is anticipating significant U.S. economic updates this week, including Fed Chair Powell's speech, housing data, and S&P 500 earnings, which could impact Bitcoin and Ethereum prices.
Key Points
1. Fed Chair Jerome Powell will speak on July 22, 2025, at a banking conference, with the federal funds rate steady at 4.25%–4.50% since March and June inflation rising to 2.7%.
2. Existing home sales data for June, to be released on July 23, is expected to decline to 4 million from 4.3 million in May, indicating a cooling resale market.
3. New home sales data, to be published on July 24, is expected to recover to 0.65 million in June from 0.623 million in May.
4. The S&P Global US Manufacturing PMI rose to 52.9 in June from 52, signaling sector expansion, but concerns about slower growth in July persist.
5. Around 112 S&P 500 companies, including Google, Tesla, and IBM, will release Q2 2025 earnings this week, potentially driving market volatility.
Description
The post Major US Economic Events This Week Could Shake the Crypto Market appeared first on Coinpedia Fintech News This week, the crypto market braces for key U.S. economic updates that could influence both Bitcoin and Ethereum prices. With Fed Chair Jerome Powell’s speech, housing data, and major S&P 500 earnings on deck, investors are on edge. The outcomes may dictate short-term trends in both traditional finance and digital assets. Fed Chair Powell’s Speech on July 22, 2025 Federal Reserve Ch...
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