Macro news that could crash or skyrocket crypto this week
What will shake the market this week – Powell’s words, inflation data, or the new token unlocks? Here are the events that could shape price action:
1/ Macro 🌎
This week brings several key economic updates from the US that could impact cryptocurrencies:
- Speech by Fed Chair Jerome Powell – Tuesday
Everyone is waiting to hear his sentiment about the economy. Markets often react more to the tone than to the exact words.
- US housing sales data for August – Wednesday
An indicator of the real estate market’s condition in the US.
- US GDP for Q2 – Thursday
It will show whether the economy is growing or contracting.
- PCE inflation for August – Friday
This is the Fed’s preferred inflation gauge. If the data shows acceleration, markets may expect a tighter policy.
👉 The most important events to watch: PCE data, GDP, and Powell’s tone.
2/ Token Unlocks 🔓
No massive percentages flooding the market with supply, but in the coming days there will be token unlocks for some well-known projects such as:
- Jupiter
- Optimism
- Sui
Such events always create the risk of short-term price pressure.
3/ Charts 📊
TOTAL2 (total market capitalization excluding $BTC) recently broke out from a “cup and handle” formation that had been building for 4 years.
- The potential target of the breakout, measured by the depth of the cup, points to ~74% upside.
- Last week, price flipped the resistance line into support, but it is currently trading below it again.
👉 The key question: will the market manage to stay above the “white line” until the weekly close on Sunday?
It’s shaping up to be a dynamic week where macroeconomic news and TOTAL2 movements will be in focus for investors. If you’re planning trades, track the key dates closely and be prepared for volatility.
