On Friday, the #cryptocurrency market experienced a decrease in value as the US Producer Price Index (#PPI) data showed an increase that spooked the market.

The global #crypto market cap dropped sharply to the $1.09 trillion mark. #Bitcoin Price dropped to $23,770.551, while Ether's price is trading at $1,656.7. Major #altcoins are also seeing a drop.

Market-deciding events this week: $XRP lawsuit outcome, #CPI & #PPI reports, FED's monetary policy, unemployment claims, and customer sentiment.
Traders and investors prepare for potential shifts and opportunities. Brace for the waves of change.



#BullMarket #HinmanEmails #ripplevsSEC #crypto

https://coinpedia.org/news/crypto-market-face-make-or-break-week-5-events-will-decide-fate-of-bitcoin-and-altcoins/

BREAKING: September #PPI inflation unexpectedly rises to 2.2%, above expectations of 1.6%.

Core PPI inflation rose to 2.7%, above expectations of 2.3%.

This is the first jump in Core PPI since April 2022.

PPI inflation is now up 3 consecutive months.

What does the Fed do now?.👇👇👇

Key Events This Week #Cryptocurency #Crypto

📅Tuesday (12-12-2023)- #CPI Inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #PPI inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #FOMC rate hike and press conference at 2pm EST

📅Wednesday #FED Chair #Powell Press Conference

📅Thursday (14-12-2023)- Retail Sales at 8:30am EST

Key Events This Week:

#Crypto #Cryptonews

📍Wed 10 Jan

🔵Anticipated Bitcoin Spot #ETF announcements by U.S. SEC

📍​Thu 11 Jan

🔵US #CPI for December

🔵US Initial Jobless Claims for the Week

​🔵#Cboe Digital Plans to Launch #Bitcoin and #Ether Margin Futures Trading

📍​Fri 12 Jan

🔵December #PPI Inflation data

Four Federal Reserve members will speak before the crucial January #Fed meeting, offering insights on upcoming inflation data.

🔵 Key Events This Week

#Cryptonews #Cryptocurrency

1️⃣Ripple Remedies 12 February 2024(Monday) (The Ripple-SEC battle enters a pivotal "remedies phase" on this date)

2️⃣January #CPI #Inflation data - 13 February (Tuesday)

3️⃣ US Retail Sales data - 15 February (Thursday)

4️⃣ Do Kwon's Detention Ends on 15 February (Thursday) (The final decision on his extradition will be made by Montenegro's Minister for Justice)

5️⃣ January #PPI Inflation data -16 February ( Friday)

6️⃣ Total of 8 #Fed speaker events this week

Breaking: US April PPI inflation meets expectations, climbing to 2.2% annually

🔵 US Producer Price Index (#PPI) for final demand rose 2.2% annually in April, in line with market expectations.

🔵 Annual core PPI also increased by 2.4%, matching analysts' estimates.

🔵 Both PPI and core PPI rose by 0.5% on a monthly basis in April.

🔵 Tomorrow, on May 15, 2024, at 8:30 A.M. Eastern Time, Consumer Price Index (#CPI) data will be released, and crypto enthusiasts are eager to see its impact on the #cryptomarket.

#Crypto #CryptoNews #CPI

Tomorrow (Jun. 12, 2024 8:30 AM Eastern Time), we'll get the #inflation data (#CPI), followed by the Federal Reserve's decision on #interestrates and Jerome Powell's press conference. Here's what people are expecting:

🔵Very likely, rates will stay the same: 99.4%

🔵A small chance of a 0.25% rate cut: 0.6%

On Thursday (June 13, 2024, at 8:30 A.M. Eastern Time), we'll also see the Producer Price Index (#PPI) and unemployment data.

We should prepare for big swings in the market. We're almost there, just a bit more patience! 🤝

#Crypto #CryptoNews #CryptoMarket #BTC #Bitcoin