Critical Developments for Cryptocurrencies in the Upcoming Week

As always on Sundays, we are discussing the critical developments of the upcoming week. What can we expect from the markets? For cryptocurrency investors, macro developments have become increasingly critical in the past 2 years. The transition to tight monetary policies on a global scale and the appreciation of the US dollar worldwide have had a negative impact on Bitcoin and other risk assets. Critical Developments for Cryptocurrencies In the final hours of the week, inflation data was released and it was in line with expectations. The announcement of core inflation below expectations at 4.8% was quite positive. However, we should not forget that due to the base effect, the rate of decline may slow down even more over time. So, what can cryptocurrency investors expect in the next 7 days? July 17, Monday 05:00 China GDP (Expectation: 7.3% Previous: 4.5%) 05:00 China Industrial Production (Expectation: 2.7% Previous: 3.5%) Ethereum […] The post Critical Developments for Cryptocurrencies in the Upcoming Week appeared first on COINTURK NEWS.