Ethereum

2024

<p><strong>This week promises to be crucial for the crypto universe. Three major events are likely to cause ripples throughout the market! Here is a detailed overview of these events and their potential impact.</strong></p>
<h2 id="h-decisive-week-for-crypto-with-ethereum-etf-in-sight">Decisive week for crypto with Ethereum ETF in sight!</h2>
<p>A pivotal week opens for the crypto industry with these three major events.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<ul>
 <li>The first event is the potential launch of Ethereum ETFs. The Securities and Exchange Commission (SEC) could finalize its approval regarding Ethereum spot ETFs by this week or at the latest <a href="https://www.cointribune.com/en/crypto-ethereum-etf-launch-imminent-on-july-15th/" target="_blank" rel="noopener noreferrer nofollow">July 15, 2024</a> according to predictions. This long-awaited decision could mark a turning point in the institutionalization of cryptos and democratize investment in Ethereum. While the launch of Bitcoin ETFs was a resounding success, investor enthusiasm for Ethereum spot ETFs remains to be confirmed.</li>
</ul>
<ul>
 <li>The second event is the release of key U.S. Consumer Price Index (CPI) data this Thursday, July 11. The CPI is a key tool for measuring the change in purchasing trends and inflation. A higher-than-expected reading is considered positive for the USD! While a lower-than-expected result is interpreted as negative. CPI data can influence monetary policy decisions and, consequently, have a significant impact on financial markets, including crypto.</li>
</ul>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-finally-regulatory-clarity-on-cryptocurrencies">Finally regulatory clarity on cryptocurrencies?</h2>
<p>The third event, and probably the most important, is a series of significant votes on crypto legislation. The U.S. House of Representatives is set to vote on the FIT21 bill, which aims to <a href="https://x.com/drjasper_eth/status/1793473109447651812" target="_blank" rel="noopener noreferrer nofollow">ease regulations</a> on cryptocurrencies. This vote, which will likely take place on Tuesday or Wednesday, is a key step for legislative clarity. It could influence how digital assets are regulated and treated in the future.</p>
<p>These three events could have <a href="https://www.cointribune.com/en/this-cardano-update-could-make-the-crypto-soar/" target="_blank" rel="noopener noreferrer nofollow">considerable repercussions on the crypto market</a>. The launch of Ethereum ETFs could attract new institutional investors, while the CPI data could alter monetary policy expectations. Finally, the votes on legislation could determine the degree of freedom or restriction in the trading and use of cryptocurrencies. Market participants should therefore remain vigilant and prepared to react to these potential developments.</p>

These Events Will Upheave the Crypto Market This Week!

Table of Contents

Cointribune EN

Other articles published on Jul 8, 2024

Harga Shiba Inu Melonjak, Burn SHIB Melejit 781 Persen

Bitget Wallet Launches "TONNECT 2024", Accelerates Growth of the TON Ecosystem (8 Jul)

Metis (METIS) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Analysts Predict Solana (SOL) Price Rally To $200 if Key Levels Break: Here’s Their Outlook

When Will Meme Coins Rebound? Experts Named 4 Altcoins with 10X Opportunities in July

Unstoppable Altcoins: Here are the Top Tokens Outperforming Despite The Bearish Market

Join our free newsletter for daily crypto updates!