This Week In Crypto (CW25)

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Welcome to another edition of our weekly newsletter, where we bring you the latest updates and insights from the world of cryptocurrencies.

As always, we have scoured the internet and our sources to provide you with a brief outlook for the upcoming week and a quick recap of the most noteworthy events from last week.

Outlook for This Week

Hey everyone! Hope you’re all doing well! Strap yourselves in, because this week is shaping up to be a big one in the crypto world! Here’s the lowdown on the key events to keep an eye on:

🇬🇧 Big Ben’s Booming: UK CPI Report (Wednesday)

The UK’s inflation report, also known as the CPI (Consumer Price Index), drops on Wednesday. This report tells us how much the cost of living has changed, which can impact investor sentiment across all markets, including crypto.

✍️The Fed’s Flip-Flop: FOMC Meeting (Wednesday)

The big one this week! The US Federal Open Market Committee (FOMC) meeting takes place on Wednesday. This is where the Fed gives us clues about future interest rate changes.

Remember back in March? The Fed was talking about cutting rates 2-3 times this year. Now, in June, they’re saying only 1-2 cuts are likely. This shift in their stance could influence how the crypto market performs.

📸Europe & US Get Busy: Flash PMI Data (Friday)

Get ready for a data dump on Friday! The European Union, UK, Germany, and the US are all releasing their flash Purchasing Managers’ Index (PMI) data for manufacturing and services. This data helps gauge economic health, and a strong performance could give crypto a boost.

Ξ Ethereum’s Time to Shine? (All Week Long)

This one’s exciting! There’s a buzz that Ethereum (ETH) could finally catch up to Bitcoin (BTC) in price. Why? Whispers on the street suggest a spot Ethereum ETF launch on Wall Street could be happening sooner than many expect.

Think of an ETF as a basket that holds different assets, like stocks or crypto. A spot ETF would directly track the price of Ethereum, making it easier for more traditional investors to get involved. This could lead to a surge in demand for ETH, pushing its price up!

This week could be a turning point for the crypto market. The Fed’s meeting and the PMI data will be especially interesting to see how they impact prices. And that potential Ethereum ETF launch? Well, that could be a game-changer for ETH!

Stay tuned, and as always, happy crypto trading!

And there you have it! Keep these events on your radar and let’s see how the week unfolds. As always, I’ll be keeping a close eye on all the developments and share my thoughts with you.

Upcoming Token Unlocks

The unlocking of tokens brings previously locked tokens into circulation. As these events increase the supply of a token, they also affect its price.

Last Week’s Headlines

In case you missed it, here’s a quick recap of the most interesting events from last week. Join our free Telegram server to get daily summaries like this.

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Bitcoin Dips

Bitcoin’s price fell to $65,000 after a 19-day win streak for Bitcoin ETFs. This comes ahead of inflation data and a Fed meeting. Analysts predict inflation to rise to 3.4%.

Crypto Investment Products Hit $2 Billion Inflows

Crypto investment products saw $2 billion inflows in June, likely due to weak US economic data. Bitcoin dominated inflows, but Ether products also saw a record week.

TON Flips Ethereum in Daily Active Addresses

The Telegram Open Network (TON) has achieved a major milestone, surpassing Ethereum in the number of daily active addresses on its blockchain. This signifies a surge in user activity and potential adoption for TON.

Trump Wants All Remaining Bitcoin to be “Made in the USA”

Donald Trump wants all future Bitcoin mining to happen in the US. This plan is to help the US win the race against China in artificial intelligence and create more jobs.

That’s it for this week. As always, stay curious, stay informed, and stay invested.

Wish you all a good start into the week!

Cheers,
Stefan Erben
Founder InvestmentExplorer & Co-Founder CryptoExplorer

Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions.

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