The market traded up as Bitcoin moved to around $80K last Friday while Ethereum traded close to $2,600. The move occurred after the SEC approved a rule allowing tokenized stock trading.
Bitcoin ETFs took in roughly $159 million while spot ether exchange-traded funds posted about $39 million in net outflows Thursday.
The Crypto Fear and Greed Index stayed steady at 72.
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What Traders Should Watch Out for This Week
The biggest economic driver to watch is the Federal Reserve’s shift in interest rate strategy – any Fed comments or inflation data could affect markets. For Bitcoin, the key benchmark is whether prices can stay above the $80K level.
Oil and geopolitical developments remain important cross-asset risks, and a renewed energy shock will push inflation expectations and Treasury yields higher, increasing pressure on the Fed to hike rates even more.
Here are the major economic indicators to watch out for this week:
- Sep 22: Federal Reserve Bank of Richmond President Thomas Barkin speaks to the CFA Society Baltimore
- Sep 23: US Flash Manufacturing PMI & US Flash Services PMI
- Sep 24: Weekly Jobless Claims, New Home Sales, and Kansas City Fed Survey
- Sep 25: Durable Goods & U. Michigan Final Consumer Survey
