👀 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickSee Undervalued Stocks

Key Events This Week That Might Have a Potential Impact on Bitcoin

Published 03/18/2024, 02:42 PM
Updated 03/18/2024, 03:15 PM
© Mundo Crypto PR Key Events This Week That Might Have a Potential Impact on Bitcoin
BTC/USD
-
ETH/USD
-

  • The U.S. Fed will decide the interest rate on Wednesday.
  • Philly Fed Manufacturing Index and Existing Home Sales will be released on Thursday.
  • Fed Chair Jerome Powell will address the US on Friday.

A number of important events and announcements are scheduled to occur this week in the United States that could impact the price of digital currencies like Bitcoin (BTC) and Ether (ETH).

Firstly, the U.S. Housing Starts data, which typically pertains to the construction of new residential buildings in the country, will be released on Tuesday. It depicts the health of the housing market and overall economic activity.

Thereafter, on Wednesday, the Federal Reserve is set to decide the interest rate, which can have a noticeable impact on the price action of Bitcoin. Notably, lower interest rates can make traditional investments like bonds and savings accounts less attractive, leading investors to seek higher returns elsewhere, most probably Bitcoin (BTC).

On the same day, another event is taking place. The Fed will hold a press conference to discuss the economy and Fed rates for the near future, which will also impact the price of BTC.

Next, on Thursday, t…

The post Key Events This Week That Might Have a Potential Impact on Bitcoin appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.