- Top 10 Events of the Week
- Crypto Market Outlook
- Bitcoin Above $58,000
This week includes significant events that could affect Bitcoin's price and the entire crypto market. BTC is currently trading above $58,000.
Top 10 Events of the Week
This week includes important events and central bank meetings that can shape Bitcoin’s price trajectory and affect the entire crypto market. According to Greeks.live, the probability of a US Federal Reserve rate cut in September is the best macro-observation indicator.
Crypto Market Outlook
The market action remains weak, but there’s no more risk of a crash so far. Market confidence has been reportedly restored, and IVs continue to fall across the major maturities. The IV is currently at relatively moderate levels and remains under downward pressure this week. There is a probability that short and medium-term IV will fall more after the week’s annual central bank meeting.
Bitcoin Above $58,000
At the moment of writing this article, Bitcoin is trading above $58,000, down by over 1% in the past 24 hours. During the weekend, BTC reached levels above $60,000, with the coin seeing a price decline below $59,000 today.
The upcoming week promises to be eventful, and market participants should stay informed as these events could significantly affect cryptocurrency prices.
