5 Major US Events and How They Can Shape Crypto Market in The Next Days

The week ahead is shaping up to be one of the most pivotal for global markets in months. With five major U.S. economic events scheduled between July 30 and August 1, volatility is almost guaranteed—and the crypto market is bracing for impact.

It all starts on Wednesday, July 30, with the FOMC interest rate decision. Although the Federal Reserve is widely expected to keep rates unchanged, markets will be laser-focused on the tone of the statement and any forward guidance. A surprise hike or unexpectedly hawkish language could rattle risk assets—including Bitcoin and Ethereum.

Immediately after, Fed Chair Jerome Powell will hold a press conference that could provide additional clarity or uncertainty. Crypto markets, especially Bitcoin, have proven sensitive to Powell’s commentary in the past. A dovish tone could fuel another leg higher, while any hints at rate hikes later in the year could trigger a pullback.

On Thursday, July 31, the spotlight shifts to Q2 U.S. GDP growth (advance estimate). A strong GDP reading would signal economic resilience, potentially boosting investor appetite for risk. Weak growth, however, might reignite recession fears—leading to rotation into defensive assets like gold and even Bitcoin.

Friday, August 1, brings two more key indicators: July’s Nonfarm Payrolls and unemployment data. Labor market strength supports the Fed’s confidence, while a sharp slowdown could put pressure on the central bank to pivot more dovishly. For crypto traders, weaker employment numbers might trigger a short-term dip in stocks and digital assets alike.

READ MORE:

U.S. Dollar Comes Onchain as GENIUS Act Ushers in Digital Era

Together, these events form a high-stakes cocktail for market sentiment. Bitcoin funding rates remain elevated, indicating long-heavy positioning—and that could lead to sharp moves in either direction depending on macro outcomes.

If Powell’s comments align with cooling inflation and economic resilience, crypto could surge on renewed risk-on sentiment. But any surprises could quickly unwind leveraged bets and send prices lower.

With the stage set, all eyes are now on the Fed and key economic data. The crypto market’s next move will likely be shaped by what unfolds over these next critical days

.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.