Crypto Week Ahead is a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets.
Crypto markets enter the week with the near-term direction tied to whether easing U.S. inflation can keep the Federal Reserve’s interest-rate policy on hold and take pressure off the dollar into year-end.
Consumer price index data due Wednesday is the first test, but the larger question is whether weaker labor demand is beginning to outweigh price pressures still above the central bank’s target.
ING strategists Chris Turner and Francesco Pesole say they expect a no-increase outcome to create a more supportive cross-asset backdrop.
“If we’re right on the Fed, the dollar should be due a benign decline into year-end in what should be a risk-positive climate,” they wrote in a report. A hotter CPI print would challenge that path and put Treasury yields and the dollar back at the center of crypto trading.
Geopolitical instability will keep on playing a role in crypto prices. As war in the Middle East threatens vital oil passageways, inflation expectations could increase and, along with them, interest-rate-hike expectations.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
