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CoinDesk identifies three key catalysts that could influence Bitcoin's next move this week, including US July PCE data, Nvidia's Q2 earnings, and Fed Chair Kevin Warsh's Jackson Hole speech.
CoinDesk's 'Daybook' newsletter highlights these macro events as crucial for Bitcoin's price action. The US July Personal Consumption Expenditures (PCE) reading, the Federal Reserve's preferred inflation gauge, is scheduled for release today at 8:30 a.m. ET. Economists expect core PCE to be 3.2% year-on-year and 0.18% month-on-month. A hotter-than-expected print could revive concerns about Fed rate hikes. Additionally, AI bellwether Nvidia's second-quarter earnings are due after market hours on Wednesday, and Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium on Friday will be closely watched by traders.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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