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The Crypto Assets market is at a critical crossroads, with several important economic events set to occur intensively next week, which may trigger significant Fluctuation in the market.
Currently, the price of Bitcoin is hovering around $11,800, while mainstream Crypto Assets such as Ethereum, Solana, and Litecoin are also in a consolidation phase. Market participants seem to be waiting for clearer directional guidance, resulting in a seemingly calm yet turbulent undercurrent situation.
Next week's economic schedule is unusually busy. On Wednesday, the U.S. will announce the ADP employment figures for July, which may impact the Federal Reserve's policy stance. On the same day, the China-U.S. economic and trade talks will begin in Sweden, which could trigger geopolitical risks and subsequently affect the performance of safe-haven assets.
Thursday is undoubtedly the most important day of the week, as the Federal Reserve will announce its interest rate decision, followed by a speech from Chairman Powell. The market generally expects no further rate hikes this year, but if Powell's remarks lean towards a hawkish stance, it may strengthen the dollar, thereby putting pressure on the Bitcoin price. Additionally, the number of initial claims for unemployment benefits and the core PCE price index released on the same day will also provide important references for the market.
On Friday, Hong Kong will officially implement the "Stablecoin Regulation", which could have a significant impact on the Asian Crypto Assets market.
The cumulative effect of these events may trigger significant Fluctuation in the Crypto Assets market. Investors should closely monitor these economic indicators and policy trends, and manage risks effectively, as the market may be on the verge of a major turning point.