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CoinGape

CoinGape

Top 5 US Economic Events of the Crypto Market this week

CoinGape
Summary
Nutrition label

59% Informative

Bitcoin price hit ATH at $ 106.4k earlier in the day and is moving towards $ 120 K next.

The Bitcoin price is on the same trajectory with investors’ greedy sentiments, but that all could go in vain if this week ’s US Economic events did not favor the market.

The US FOMC meeting is scheduled for this Wednesday, December 18, 2024 .

The Fed has already implemented a 25 bps rate cut earlier, and many reports, like the CME FedWatch Tool , foresee a 96% chance of another rate cut this week .

The November PCE inflation report can impact the crypto market, based on the CPI data reports.

VR Score

40

Informative language

31

Neutral language

48

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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