CPI Data release
With another release of inflation data, the market will receive a direct signal of upcoming changes in US monetary policy, which will weigh heavily on the crypto market.
If inflation data remains below market expectations, financial regulators worldwide should ease actions against risky assets like cryptocurrencies. If the opposite scenario starts, we will most likely see another plunge.
Ethereum Merge
Ethereum Merge is probably the hottest topic in the crypto space. The transformation will certainly have an impact on the market, as we have seen a lot of movement across the market-related landscape: liquidity-providing platforms, borrowing and lending markets, and high activity on mining pools.
At press time, Ethereum’s volatility remains in the mid-range, with the price retracing slightly after the recent 22% increase.
FOMC meeting
Another rate hike will not surprise financial or crypto markets, as the actions of financial regulators around the world have already been priced in by the market previously and will not cause a volatility spike.
The only scenario where we would see a sudden spike in volatility is unexpectedly high inflation leading to a 100 bps interest rate hike, which is 25 bps higher than most market participants have expected.
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