Critical Week for Crypto: CPI Data, Fed Speakers, and a Trump-Putin Summit

Bitcoin nears all-time high as August gains hit 10% amid rate cut optimism. Corporate Bitcoin buying surges with billion-dollar treasury acquisitions this week. A high-stakes meeting between Trump and Putin adds volatility risk to the BTC market. Crypto, and Bitcoin for that matter, is heading into one of its most critical weeks of the year. The price has jumped to over $121,000, now within striking distance of its all-time high, as a perfect storm of major economic and political events is set to unfold. August gains are already near 10% , fueled by optimism around potential Fed rate cuts and new pro-crypto U.S. policies. How we got here. This critical week comes right after the entire crypto market hit a new all-time high. Here’s the full story on that milestone. The Economic Data That Matters Most to Crypto This week’s calendar is packed with major U.S. economic reports. Consumer Price Index (CPI) data arrives Tuesday, followed by jobless claims and Producer Price Index (PPI) numbers on Thursday. Traders see these releases as pivotal for the Fed’s policy path, with current market pricing already giving an almost 90% probability of a rate cut i… The post Critical Week for Crypto: CPI Data, Fed Speakers, and a Trump-Putin Summit appeared first on Coin Edition .

Source: Coin Edition