{"id":5559,"date":"2024-09-11T12:57:28","date_gmt":"2024-09-11T12:57:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=5559"},"modified":"2024-09-11T12:57:28","modified_gmt":"2024-09-11T12:57:28","slug":"key-events-for-crypto-this-month","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=5559","title":{"rendered":"Key Events For Crypto This Month"},"content":{"rendered":"

September is going to be a very important month<\/strong> for cryptos, with many events that will set the tone for the coming months. Let\u2019s explore them<\/strong> in this\u00a0article.<\/p>\n

Photo by Debby\u00a0Hudson<\/a><\/p>\n

US Economy<\/h4>\n

Let\u2019s start with the nearest event\u00a0: the inflation numbers<\/strong> in the US, which will be published this Wednesday, September 11th<\/strong>.<\/p>\n

Source\u00a0: Tradingview<\/p>\n

They are forecasted to be at 2.6% <\/strong>compared to 2.9%<\/strong>, which is a significant drop and would be very bullish for the crypto industry. However, if the numbers come in slightly higher, for example, with inflation at 2.7%, it could cause the market to drop because the market is currently pricing in this forecast<\/strong>.<\/p>\n

This is unlikely to have an impact on the Federal Reserve\u2019s decision to decrease interest rates<\/strong> (except in the case of a major surprise), but it might influence the size of the rate cuts<\/strong> (0.25% or\u00a00.5%).<\/p>\n

FED Pivot<\/h4>\n

Speaking of the Federal Reserve, they will have a meeting on September 18th<\/strong> to reach a consensus on the interest\u00a0rate.<\/p>\n

Source\u00a0: tradingeconomics<\/p>\n

After more than a year<\/strong> since the last hike, we will very likely see an interest rate cut<\/strong>, which signals that money printing<\/strong> may soon return\u00a0! This would be bullish in the medium term for risk-on assets<\/strong> like crypto and the stock\u00a0market.<\/p>\n

However, it\u2019s important to note that historically, September has been Bitcoin\u2019s worst month<\/strong>\u00a0:<\/p>\n

Source\u00a0: Coinglass<\/p>\n

The good news is that every time we\u2019ve had a positive September, it followed a red August<\/strong>, and that\u2019s the case right now. However, as you may know, we can\u2019t<\/strong> base predictions entirely on historical performance<\/strong>.<\/p>\n

Special Mention<\/h4>\n

A special mention goes to the US presidential debate<\/strong> happening in the coming hours<\/strong>. I don\u2019t expect crypto to be discussed, but it will be important to see which candidate comes out on top<\/strong>. The outcome is so close that this event will play a crucial role\u00a0!<\/strong><\/p>\n

As always thank you for reading\u00a0!<\/p>\n

Follow me on\u00a0twitter<\/strong><\/a><\/p>\n

My favorite Crypto Faucet\u00a0: <\/strong>Cointiply<\/strong><\/a> (referral)<\/strong><\/p>\n

Read exclusive articles on publish0x<\/a> and if you want to support me for free you can sign in with this\u00a0<\/strong>link<\/strong><\/a><\/p>\n

Disclaimer\u00a0: This is not a financial advice, you need to do your own research\u00a0!<\/em><\/p>\n

Key Events For Crypto This Month<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

September is going to be a very important month for cryptos, with many events that will set the tone for the coming months. Let\u2019s explore them in this\u00a0article. Photo by Debby\u00a0Hudson US Economy Let\u2019s start with the nearest event\u00a0: the inflation numbers in the US, which will be published this Wednesday, September 11th. Source\u00a0: Tradingview […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5559","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5559"}],"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=5559"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5559\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}