Crypto Market Braces for Volatility
The crypto market is preparing for key U.S. economic events and a prolonged government shutdown, with Fed Chair Powell’s remarks expected to influence next moves.
A government shutdown, now in its 13th day, sets the backdrop for this week's major events, including:
- OPEC Monthly Report on Monday
- Fed Chair Jerome Powell’s speech on Tuesday
- New York Fed Manufacturing Index on Wednesday
- Philadelphia Fed Manufacturing Index and NAHB Housing Market Index on Thursday
Around 10% of S&P 500 companies will report quarterly earnings, offering insight into U.S. corporate health amid tightening financial conditions.
Powell’s remarks are being closely watched by traders curious about the Federal Reserve’s interest rate policy.
Author's summary: Crypto market volatility expected ahead of key US economic events.
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