Crypto traders are gearing up for massive volatility, with several key macroeconomic events taking place this week.
Spearheading the week is the Consumer Price Index on Wednesday, followed by the all-important Federal Open Market Committee (FOMC) meeting on the same day. Perhaps Fed Chair Jerome Powell’s speech post-FOMC could be even more important than the central bank’s interest rate decision itself.
On Thursday, the Producer Price Index and jobless claims could further fuel the market volatility.
Next week Wednesday & Thursday are some massively economic data packed days.Wednesday has CPI & FOMC.Thursday has PPI & Jobless claims.Expect a lot of volatility around those days and possibly some derisking the days prior.Don’t get chopped up meanwhile 🙂 pic.twitter.com/Ue92wNDliM
— Daan Crypto Trades (@DaanCrypto) June 6, 2024
Experts are advising traders to stay away from leverage in the coming days. Several smart-money traders are choosing to invest
We współpracy z: https://cryptodaily.co.uk/2024/06/crypto-traders-predict-price-volatility-for-this-weeks-fomc-cpi-data
