Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cryptocurrency Market Braces for Impact: Key Events to Watch This Week

Cryptocurrency Market Braces for Impact: Key Events to Watch This Week

CoineditionCoinedition2023/12/11 15:36
By:Vignesh Karunanidhi
  • This week is marked by crucial economic events, including the release of the U.S. consumer price inflation report.
  • The U.S. CPI inflation data for November is to be released on December 12, with projections hinting at a potential 0.1% drop in the consumer price index.
  • The Federal Open Market Committee (FOMC) is anticipated to keep interest rates at 5.25–5.50%.

This week, cryptocurrency investors should gear up for a week of potential turbulence, with key economic events on the horizon. The spotlight is on December 12’s release of the U.S. consumer price inflation report, set to release at 8:30 a.m. EST for November. Expectations from the Cleveland Fed reveal a flat month to month rate.

Following this, Wednesday marks the Federal Reserve’s final meeting of the year, where market consensus leans towards maintaining the current monetary stance. On December 13, there will be Fed chair Jerome Powell’s press conference alongside PPI inflation data and details about FOMC rate hikes.

This week’s U.S. CPI inflation data is of particular significance, with growing anticipation among investors for a potential rate cut from the Federal Reserve. Projections suggest a slight 0.1% drop in the consumer price index for November, potentially influencing annual inflation rates.

If the data signals a cooling economy with an inflation rate of 3% or lower, investors may move towards riskier assets like cryptocurrencies.

The December meeting of the Federal Open Market Committee (FOMC) is poised to maintain interest rates at 5.25–5.50%, according to market expectations .

Any indications of a more dovish monetary policy could boost the demand for cryptocurrencies, as lower interest rates tend to make riskier assets more attractive to investors.

Investors are advised to brace for heightened volatility and remain vigilant this week, as these key events can trigger possible ups or downs depending on the data. As the market awaits this week’s numbers, the price of Bitcoin has plunged below $42,000.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitget Spot Bot adds PUMP/USDT

Bitget Announcement2025/07/15 08:00

New spot margin trading pair — PUMP/USDT!

Bitget Announcement2025/07/15 06:58