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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-investors-anticipate-upcoming-developments/" data-wpel-link="internal">Crypto Investors Anticipate Upcoming Developments</a><br></p>
<p style="text-align: justify"><strong>For cryptocurrency investors</strong>, the eighth month of the year is ending without the expected major surge. Although BTC broke a new all-time high before the halving, it was a very weak movement compared to previous peaks. So, are these boring days finally over? What awaits cryptocurrencies in the coming days?</p> 
<h2 style="text-align: justify" id="important-developments-of-the-week-for-cryptocurrencies">Important Developments of the Week for Cryptocurrencies</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/proshares-bitcoin-strategy-etf-surpasses-2-billion-valuation/" data-wpel-link="internal">Bitcoin</a></strong> and altcoins’ prices are significantly affected by these developments, and preparing in advance is extremely important. This way, investors aware of what triggers and will trigger volatility can take more accurate positions. This week is quite important due to both PCE and <a href="https://newslinker.co/category/computing/" target="_blank" rel="noopener" data-wpel-link="exclude">NVIDIA</a>, and the details awaiting us are as follows:</p> 
<h3 style="text-align: justify" id="wednesday-august-28">Wednesday, August 28</h3> 
<ul style="text-align: justify"> 
 <li>08:15 Fed/Waller Speech</li> 
 <li>23:20 NVIDIA Earnings Report</li> 
 <li>Starknet V0.13.2 Mainnet</li> 
</ul> 
<h3 style="text-align: justify" id="thursday-august-29">Thursday, August 29</h3> 
<ul style="text-align: justify"> 
 <li>01:00 Fed/Bostic</li> 
 <li>15:30 United States GDP (Expectation and Previous: 2.8%)</li> 
 <li>15:30 US Unemployment Claims (Expectation: 232.5K Previous: 232K)</li> 
</ul> 
<h3 style="text-align: justify" id="friday-august-30">Friday, August 30</h3> 
<ul style="text-align: justify"> 
 <li>15:30 US PCE (Expectation: 2.7% Previous: 2.6%)</li> 
</ul> 
<h2 style="text-align: justify" id="cryptocurrency-commentary">Cryptocurrency Commentary</h2> 
<p style="text-align: justify"><strong>PCE</strong> data is exactly what the Fed watches as an inflation indicator, and the upcoming figure is extremely important. If there is a surprise increase above expectations, it could put the Fed in a difficult position along with weakening employment. On the other hand, data coming in line with expectations should further strengthen the likelihood of a minimum 100bp rate cut targeted for 2024.</p> 
<p style="text-align: justify"><strong>The Fed</strong> now acknowledges that the risks of excessive tightening have become apparent and employment has started to take a hit. This means <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> will be lowered, and a period of monetary easing will begin. However, if inflation indicators signal the opposite direction during this time, it will cause rate cuts to pause at best.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-383254 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/BTCUSDT_2024-08-26_15-39-27.png" alt="" width="1275" height="587"></p> 
<p style="text-align: justify">On the other hand, there is no major announcement specific to cryptocurrencies, and the monthly closing will be the other most important detail for prices. <strong>BTC</strong> is trying to hold above $63,500, and if it can close the month above $68,000, this could increase the risk appetite in altcoins.</p> 
<p style="text-align: justify">The only major risk as an excess supply is US assets, and in the coming weeks, there will be an approval hearing for <strong>FTX returns</strong>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-investors-anticipate-upcoming-developments/" data-wpel-link="internal">Crypto Investors Anticipate Upcoming Developments</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-investors-anticipate-upcoming-developments/" data-wpel-link="internal">Crypto Investors Anticipate Upcoming Developments</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Investors Anticipate Upcoming Developments

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