Summary
- Important events of the week could affect the price of Bitcoin and the general crypto market.
- The most important event to watch is the Bitcoin Conference this Thursday.
Greeks.live shared the top events of the current week that could affect the price of Bitcoin and the general crypto market.
In a post on X, they note that the most important event to watch during this week is the opening of the Bitcoin Conference on Thursday. According to the latest reports, Donald Trump will attend the speech and he’s likely to release crypto-favorable breaking news.
Ethereum ETFs should be listed tomorrow, an event that has been fueling confidence in the crypto market.
Greeks.live notes that the market conditions have improved a lot in the second half of this month, with a few coins currently amid a major uptrend and bullish sentiment.
Top Heavyweight Events of the Week
July 22
- Today, G20 finance ministers and central bankers will have a meeting.
July 23
- US monthly retail sales for June will be released.
- Fidelity and other spot Ethereum ETFs to be listed on Cboe.
July 24
- Bank of Canada’s interest rate decision will be released.
July 25
- US initial jobless claims for the week will be released.
- Bitcoin Conference 2024 will begin with speakers including Donald Trump and Cathie Wood.
July 26
- The US core PCE index for June will be released.
- RBNZ launches consultation on digital cash.
- The 2024 Paris Olympics debuts.
Crypto Market Outlook
Greeks.live also offered insights into the crypto market, noting that it formed a deep V move in July as a result of the German Government sell-off. Bitcoin and Ethereum rallied sharply in the past two weeks, and cryptos’ IVs across major terms rebounded significantly.
The crypto rally was fueled by multiple positive developments, with BTC rallying nearly 15%.
This week which is filled with important events, traders should choose the right IV and the right time to build a position of the current week’s buy.
Regarding the crypto rate market, Bitfinex rate is quieter and occasionally there are good rate orders, Greeks.live notes.
Bitcoin’s rally continued during the past weekend fueled by the latest political events and the consistent inflows in the US BTC ETFs.