{"id":2503,"date":"2024-06-10T06:48:03","date_gmt":"2024-06-10T06:48:03","guid":{"rendered":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/"},"modified":"2024-06-10T06:48:03","modified_gmt":"2024-06-10T06:48:03","slug":"three-things-that-could-rattle-crypto-markets-this-week","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/three-things-that-could-rattle-crypto-markets-this-week\/","title":{"rendered":"Three Things That Could Rattle Crypto Markets This Week\u00a0"},"content":{"rendered":"

All eyes are on Wednesday, June 12, which is the date of the U.S. central bank\u2019s policy decision on interest rates.<\/p>\n

However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data<\/a> for May.<\/p>\n

Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a seventh consecutive meeting.<\/p>\n

They could also reduce the number of cuts slated for this year as policymakers digest a mixed bag of economic data.<\/p>\n

Economic Calendar June 10-14<\/h2>\n

June 12 will be a very busy day with core CPI (consumer price index) reports to be released. This data is a key measure of inflation in the economy, it has a significant impact on the Fed\u2019s monetary policy decisions, including interest rate adjustments.<\/p>\n

A higher CPI reading indicates increasing inflation, which typically puts pressure on the Fed to raise interest rates or keep them the same. The year-on-year CPI figure is likely to remain the same at 3.4%, suggesting that the central bank will not change rates this week.<\/p>\n

There have been strong correlations between Bitcoin price and CPI data this year, as reported<\/a> by CryptoPotato<\/em> in May. Higher-than-expected CPI has been bearish for the digital asset, while lower-than-expected CPI has been bullish.<\/p>\n

Key Events This Week:<\/p>\n

1. OPEC Monthly Report \u2013 Tuesday<\/p>\n

2. May CPI Inflation data \u2013 Wednesday<\/p>\n

3. Fed Interest Rate Decision \u2013 Wednesday<\/p>\n

4. Fed Press Conference \u2013 Wednesday<\/p>\n

5. May PPI Inflation data \u2013 Thursday<\/p>\n

6. MI Consumer Sentiment data \u2013 Friday<\/p>\n

It\u2019s Fed week with\u2026<\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) June 9, 2024<\/a><\/p>\n\n

Thursday, June 13, will see core PPI (producer price index) reports released. This measures the average change over time in selling prices received by domestic producers of goods and services and is a valuable complimentary inflation indicator used by FOMC policymakers.<\/p>\n

\u201cThe Fed is waiting for a string of data that strengthens its confidence that inflation is on a sustained path toward its 2% target,\u201d said<\/a> Ryan Sweet, chief US economist at Oxford Economics.<\/p>\n

Analysts expect the first rate cut to happen at the central bank\u2019s September policy meeting, its final gathering before the November 5 presidential election.<\/p>\n

\u201cIt [the Fed] should project two rate cuts this year and a cutting cycle that begins in September,\u201d Bank of America economists wrote in an investor note published on Friday.<\/p>\n

Crypto Market Impact<\/h2>\n

The Fed rate decision is likely to be already factored into crypto markets since it is almost a given that rates will remain unchanged.<\/p>\n

There may be a little volatility mid-week, but the sideways momentum is likely to continue. Altcoins may take a hit<\/a>, however, as Bitcoin dominance remains high, keeping the premise of altseason at bay for now.<\/p>\n

Crypto trader \u2018Emperor\u2019 shared his thoughts on the state of the market with his 390,000 followers on X on June 9.<\/p>\n

Crypto Market Check.<\/p>\n

Is the Market in a Confusing Position right now? Yes.<\/p>\n

On one Side we expect the Fed to cut the rates, making the Market Pump.<\/p>\n

On other side, we have Celebrity Scams in the market, calling for a Top.<\/p>\n

My thinking is Simple.
\nIf we Drop to 67-68K Region,\u2026<\/p>\n

\u2014 Emperor (@EmperorBTC) June 9, 2024<\/a><\/p>\n\n

The post Three Things That Could Rattle Crypto Markets This Week\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

All eyes are on Wednesday, June 12, which is the date of the U.S. central bank\u2019s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2503","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"\nThree Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nl\/three-things-that-could-rattle-crypto-markets-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"All eyes are on Wednesday, June 12, which is the date of the U.S. central bank\u2019s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/nl\/three-things-that-could-rattle-crypto-markets-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T06:48:03+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Geschatte leestijd\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Three Things That Could Rattle Crypto Markets This Week\u00a0\",\"datePublished\":\"2024-06-10T06:48:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/\"},\"wordCount\":534,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"articleSection\":[\"Feeds\"],\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/\",\"name\":\"Three Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"datePublished\":\"2024-06-10T06:48:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/three-things-that-could-rattle-crypto-markets-this-week\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Three Things That Could Rattle Crypto Markets This Week\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"nl-NL\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"nl-NL\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Three Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/nl\/three-things-that-could-rattle-crypto-markets-this-week\/","og_locale":"nl_NL","og_type":"article","og_title":"Three Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in","og_description":"All eyes are on Wednesday, June 12, which is the date of the U.S. central bank\u2019s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]","og_url":"https:\/\/cryptd.in\/nl\/three-things-that-could-rattle-crypto-markets-this-week\/","og_site_name":"cryptd.in","article_published_time":"2024-06-10T06:48:03+00:00","twitter_card":"summary_large_image","twitter_misc":{"Geschatte leestijd":"3 minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/#article","isPartOf":{"@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/"},"author":{"name":"","@id":""},"headline":"Three Things That Could Rattle Crypto Markets This Week\u00a0","datePublished":"2024-06-10T06:48:03+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/"},"wordCount":534,"commentCount":0,"publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"articleSection":["Feeds"],"inLanguage":"nl-NL","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/","url":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/","name":"Three Things That Could Rattle Crypto Markets This Week\u00a0 - cryptd.in","isPartOf":{"@id":"https:\/\/cryptd.in\/#website"},"datePublished":"2024-06-10T06:48:03+00:00","breadcrumb":{"@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptd.in\/three-things-that-could-rattle-crypto-markets-this-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptd.in\/"},{"@type":"ListItem","position":2,"name":"Three Things That Could Rattle Crypto Markets This Week\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/cryptd.in\/#website","url":"https:\/\/cryptd.in\/","name":"cryptd.in","description":"Alternatieve LinkedIn voor cryptovriendelijke talenten","publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptd.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nl-NL"},{"@type":"Organization","@id":"https:\/\/cryptd.in\/#organization","name":"cryptd.in","url":"https:\/\/cryptd.in\/","logo":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","width":900,"height":900,"caption":"cryptd.in"},"image":{"@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/posts\/2503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":0,"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptd.in\/nl\/wp-json\/wp\/v2\/tags?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}