After one bitcoin\u2019s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days.<\/p>\n
The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation report, revised second-quarter GDP data, and the Federal Reserve Chair Kevin Warsh\u2019s highly anticipated appearance at Jackson Hole for the first time.<\/p>\n
Monday is expected to be a quiet day, with nothing major scheduled. The data coming on Tuesday will probably not impact crypto, as it\u2019s the August CB consumer confidence data and the July new home sales data. However, it all changes on Wednesday, which will be the busiest day of the week.<\/p>\n
The Bureau of Economic Analysis will release July\u2019s Personal Consumption Expenditures (PCE) Price Index and core PCE at 8:30 ET, which remains particularly important as it continues to be the Fed\u2019s preferred measure for assessing underlying inflationary pressures.<\/p>\n
Economists cited by Kiplinger expect<\/a> core PCE to rise slightly month over month and 3.2% annually. Such a reading would leave underlying inflation higher than the Fed\u2019s 2% objective, despite relatively encouraging CPI and PPI figures from earlier this month.<\/p>\n As usual, hotter-than-expected readings could strengthen expectations that US interest rates will remain elevated or even rise again, potentially pushing Treasury yields and the dollar higher. In contrast, softer reading would likely have the opposite effect by reducing pressure on the Fed to tighten monetary policy further.<\/p>\n The other big event on Wednesday will be the release of the second estimate of US GDP for Q2. The advance reading showed annualized growth of just 1.5%, down significantly from 2.1% during Q1.<\/p>\n Key Events This Week:<\/p>\n 1. August CB Consumer Confidence data \u2013 Tuesday<\/p>\n 2. July New Home Sales data \u2013 Tuesday<\/p>\n 3. July PCE Inflation data \u2013 Wednesday<\/p>\n 4. US Q2 2026 GDP data \u2013 Wednesday<\/p>\n 5. Nvidia, $NVDA<\/a>, Reports Earnings \u2013 Wednesday<\/p>\n 6. August MI Consumer Sentiment data \u2013 Friday\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) August 23, 2026<\/a><\/p>\n\n The other major development will take place on Friday when Fed Chair Kevin Warsh delivers his first keynote address after his appointment at the annual Jackson Hole Economic Policy Symposium. This speech will come at a particularly sensitive moment since the central bank left its benchmark rate unchanged at 3.50%-3.75% during its July meeting, but three policymakers voted for a hike.<\/p>\n Longer-term treasury yields have surged, with the 10-year recently around 4.73% and the 30-year above 5.2%. Investors will continue to look for clues about how Warsh and the Fed view persistent inflation and whether another rate hike remains on the table.<\/p>\n His stance, especially if it\u2019s clear, will likely impact BTC, which rose<\/a> from $64,000 to almost $80,000 at the end of last week, but it has stalled<\/a> at around $77,000 since then.<\/p>\n The post Bitcoin\u2019s Rally Faces a Crucial Week: These 3 Macro Events Could Decide the Next Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" After one bitcoin\u2019s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation report, revised second-quarter […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-217405","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217405"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=217405"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217405\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=217405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=217405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=217405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Warsh Goes to Jackson Hole<\/h2>\n