4 Key Developments That Could Shake the Crypto Market This Week

The final week of July is shaping up to be a pivotal one for global markets, with multiple high-impact U.S. economic events lined up that could trigger volatility across stocks, bonds, and crypto assets.

Wednesday, July 30, kicks off with the FOMC interest rate decision, where the Federal Reserve will announce whether it will hold or adjust the current federal funds rate. While the consensus leans toward no change, investors will be closely watching the press conference by Fed Chair Jerome Powell later that day for guidance on inflation expectations, labor market trends, and potential future hikes or cuts.

On Thursday, July 31, the U.S. government is set to release its advance Q2 GDP report, providing a first look at the nation’s economic performance from April to June. A stronger-than-expected figure could reaffirm confidence in a soft landing, while a weak reading may reignite recession concerns.

The week concludes on Friday, August 1, with the release of July’s Nonfarm Payrolls (NFP) report. This data will offer further insights into the U.S. labor market’s strength and wage inflation trends, which remain a key input for the Fed’s policy path.

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Traders in both traditional and crypto markets are on high alert. Bitcoin and Ethereum have shown muted volatility in recent days, but macro catalysts like the FOMC or GDP shock could reignite momentum—or trigger sharp reversals.

With rate expectations, recession fears, and inflation debates all colliding, this week’s events could mark a turning point in market sentiment across asset classes.

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.