The US central bank, the FED, kept interest rates free at the meeting on September 20. While the Bitcoin and altcoin markets continue their horizontal movements following hawkish statements, these dates next week may provide additional volatility.
Bitcoin and altcoin markets endure another Fed week
The US central bank, the FED, announced the interest rate decision that the financial world was eagerly awaiting at its meeting on September 20. In line with expectations, it decided to keep interest rates free, without making any changes. This decision closely concerns global financial markets and especially the cryptocurrency world. Cryptocurrency markets constantly offer new opportunities to investors with their dynamic structure. However, in addition to this dynamic structure, it fluctuates depending on many variables, requiring investors to take careful and conscious steps.
We have compiled the developments of the coming week for those who want to have a broad perspective on what is going on in the Bitcoin world, especially as October is just around the corner…
Pay attention to these dates during the week of September 25
Monday:
- Ultra (UOS) Change: Ultra is switching to the Electron framework system. This step will specifically improve the performance of the Ultra platform and make the user experience smoother.
Tuesday, September 26:
- Speech by Michelle W. Bowman: US Federal Open Market Committee (FOMC) Member Michelle W. Bowman will give information about economic indicators, monetary policies and potential investment opportunities.
Wednesday, September 27:
- Binance Announcement: Binance will end NFT staking for The Sandbox (SAND). This change in the NFT industry will affect investors’ approach to the SAND token.
- Radix (XRD) Update: Radix will release the Babylon update. With this update, Radix specifically aims to offer users more features and better security.
Thursday, September 28:
- Stratos (STOS) Launch: Stratos is launching its mainnet. This launch increases the potential value of STOS and the interest of the crypto community.
- Beta Finance (BETA) Update: Beta Finance will introduce the Omni update. This development will make the Beta Finance platform more flexible and user-friendly.
- US Economic Data: US GDP and Initial Unemployment Claims data will be published on this date. These data will reflect the overall health of the US economy and impact global financial markets.
- Jerome Powell’s Speech: The speech by FED President Jerome Powell gives clues especially about the value of the dollar and the economic policies of the USA. By the way, you can take a look at the highlights of Powell’s speech dated September 20, which we reported as Kriptokoin.com, in this article.
Friday, September 29:
- Euro Zone Economic Data: Euro Zone Consumer Price Index (CPI) annual data. This rate is an important indicator of the value of the Euro and the health of the Eurozone economy.
- US Economic Indicators. US Core Personal Consumption Expenditures (PCE) Price Index data will be published both annually and monthly on this date. This index is an important tool that tracks inflation trends and consumer spending in the United States.
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