Key US Economic Events This Week: What They Mean for Bitcoin and Altcoins
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The post Key US Economic Events This Week: What They Mean for Bitcoin and Altcoins appeared first on Coinpedia Fintech News The US economy and the cryptocurrency market are closely connected. Therefore, for crypto traders, it is really important to keep an eye on every US economic development. In the previous week, the US market experienced a rise of 1.21%. Even though, at one point in the week, the market slipped to a low of $6,284.37, at the time of closing, it had raised to $6,388.64. During the same period, the crypto market saw a drop of around 1.66%. This week is expected to be an eventful week for the US market. Here are the key events crypto traders should watch for. Major US Economic Indicators to Watch This Week 1. FOMC Meeting – July 29–30, 2025 The upcoming Federal Open Market Committee (FOMC) meeting will conclude on July 30, with Fed Chair Jerome Powell scheduled to deliver a press conference shortly thereafter. Market Expectation: Interest rates are expected to remain steady at 4.25%–4.50%. Key Considerations Inflation has accelerated for the second consecutive month, reaching 2.7% in June. Initial jobless claims declined from 221,000 to 217,000, marking the second drop this month. Potential Crypto Market Impact:If the Fed maintains its data-dependent stance and signals no immediate cuts, cryptocurrencies may experience muted upward movement. However, continued inflation pressures could reinforce crypto’s appeal as a hedge against currency debasement. 2. Advance Estimate of Q2 GDP – July 30, 2025 The advance estimate for US Gross Domestic Product (GDP) for the second quarter will also be released on July 30. Previous (Q1 2025): -0.5% Consensus (Q2 2025): +2.5% Potential Crypto Market Impact:A robust GDP rebound could dampen expectations of near-term Fed easing, which may temporarily limit crypto upside. Conversely, it could also reduce…
