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Three Major Crypto Events to Make This Week Most Important for Market in 2022

Mon, 09/12/2022 - 08:13
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Arman Shirinyan
Three events should jack up volatility on market to same level we saw last week
Three Major Crypto Events to Make This Week Most Important for Market in 2022
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This week might bring cryptocurrency investors one of the biggest spikes in volatility as three major events that heavily influence digital assets will happen in the next few days, starting from Tuesday.

CPI Data release

With another release of inflation data, the market will receive a direct signal about the upcoming changes in the monetary policy of the United States, which affects the crypto market heavily.

If inflation data remains below market expectations, financial regulators around the world should ease up on actions that work against risk-on assets like cryptocurrencies. If the opposite scenario commences, we will most likely see another plunge.

Ethereum Merge

The hottest topic in the cryptocurrency industry does not need any additional coverage. The fundamental change in the biggest ecosystem on the cryptocurrency market will certainly have an effect on the market, as we are already seeing a lot of movement on the crypto market-related scenes: liquidity providing platforms, borrowing and lending markets and high activity on mining pools.

Ethereum on Proof-of-Stake: Comprehensive Guide to The Merge

At press time, Ethereum's volatility remains in the average range, with the price of the coin showing a mild retrace after rallying by 22% recently.

FOMC meeting

Yet another rate hike should not be a surprise for either the financial or cryptocurrency markets, as the actions of financial regulators around the world have already been priced-in by the market previously and should not cause a volatility spike.

The only scenario in which we are going to see a sudden jump in volatility is unexpectedly high inflation numbers that will cause a 100 bp rate hike, which is 25 bp higher than that expected by most market participants.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.