$BTC
Here is a very brief summary of the most important economic events affecting the cryptocurrency market this week 28--29
Important events and their impact👀
1. Interest rate decisions (U.S. Federal Reserve)👉👉
Raising rates 👉Negative for the crypto market
Lowering rates 👉 Positive for the crypto market
2. Inflation data (CPI, PCE)👉
High inflation 👉Negative
Low inflation 👉 Positive
3. Employment data (NFP)
Strong 👉Pressure on crypto
Weak 👉Support for the market
4. Dollar index (DXY)
Increase 👉 Weakens crypto
Decrease 👉 Supports it
5. Crypto news and regulations / ETF approvals
Positive regulation or ETF approval 👉 Strong
Tightening or banning 👉 Negative
6. Bitcoin halving
Usually positive after the event
7. Global crises or wars
High volatility, impact depends on the level of fear and liquidity👉👉👉