September 29, 2022

The new week will be the most important for cryptocurrencies in 2022

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u.today portal experts assured: this week from September 12 to 18, 2022 will be the most important for the cryptocurrency sector this year. They explained that this state of affairs is due to the fact that during this period of time 3 very important events will occur at once, which will certainly affect the future of the market. According to them, investors may face one of the biggest bursts of volatility for the whole year, after the events that are scheduled for the coming days.

We are talking about the fact that new data from the US Consumer Price Index (CPI) will be released first. This will allow you to receive a direct signal about the upcoming changes in the US monetary policy, which will greatly affect the situation in the crypto market. If the data remains below expectations, financial regulators should loosen their grip. Otherwise, the value of the leading virtual assets will start to fall again.

The second major event will be the Ethereum Network Merger (ETH). This topic has long been the most discussed in the community. Fundamental changes in the largest ecosystem in the cryptocurrency market should affect the market and have already caused changes over the past few months, changing the state of affairs in decentralized finance (DeFi) platforms and in the mining sector. If the update procedure fails to complete successfully, this also promises a market crash in the short and medium term.

In addition, a meeting of the Federal Reserve System (FRS) is scheduled for this week. In its course, the issue of the next increase in lending rates due to the growing level of inflation will be resolved. If the rhetoric of the members of the organization is harsh in relation to the markets, then this may negatively affect the cryptocurrency sector.

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