Cryptocurrency markets are having a turbulent start to the week, but there are several events that could impact investment portfolios. Traders and investors will be watching closely, hoping to capitalize on any price movements that may occur as a result of these events.
A “buy the rumors and sell the news” strategy may be in play this week as traders make their moves around major crypto events.
The Consumer Price Index (CPI) report, due out on September 11, is one of the most important events this week . After a quiet period in 2023, macroeconomic data is once again starting to impact Bitcoin (BTC) and the cryptocurrency markets. Traders are noticing increased volatility around key reports, with the CPI being a key focus.