20 July 2026
Some Events Scheduled For This Week Could Affect Crypto Market
The cryptocurrency market, similar to any other financial market, gets affected by events according to their outcomes. This week is going to witness some major crypto events which will have an impact on the crypto market and the prices of digital assets.
The very first event is the FOMC meeting. Many crypto investors have heard about it. The term FOMC stands for the Federal Open Market Committee, which is the arm of the Federal Reserve that decides on the monetary policy of the United States going forward. In the FOMC meeting, the policies get decided, and as they control the nation’s money supply, their decision goes a long way in deciding the purchasing power of the citizens.
The Outcomes from each meeting can impact the financial markets and trigger volatility across each one.
The second event taking this week is the earnings reports of some of the biggest players in the tech space. Tech companies such as Meta, Microsoft, Apple, and Google will share their reports.
The reported earnings will affect the shareholders of these companies, which affects the investments in the stock markets. While the crypto market’s high correlation to the macro markets recently, there is sure to be a spillover.
Additionally, the United States GDP release for the second quarter of 2022 is the third important event. The event will portray how the US economy performed in Q2. All of these factors might trigger volatility in the market for the week.
Along with these events, the crypto market has its own internal issues. The funds lost to the bankruptcy of prominent crypto companies such as 3AC and Celsius as well as the LUNA crash has caused crypto market turmoil. The crypto market is yet to recover from these events.
However, the market continued to hold its position nicely. Accumulation trends across major cryptocurrencies such as Bitcoin and Ethereum set a precedent that the market may be down, but investors are not giving up just yet.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice
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