From the update of the Ethereum market to the increase in interest rates in the United States; Three important events that we will witness in the next 10 days

From Tuesday this week, we will see three important events that can be very important and influential for cryptocurrency market participants.

Publication of the inflation rate of the previous month in the United States (September 22)

To Report Utoday, tomorrow at 17:00 Tehran time, the statistics related to the inflation rate of August will be known in the United States, and after that the market participants will receive a clear signal about the future changes in the monetary policy of the United States, which naturally can affect the digital currency market. also have a great impact.

If US inflation in the previous month is lower than market expectations, the country’s central bank officials will probably have to reduce the pressure of actions in the future that end up harming risky assets such as digital currencies (tightening monetary policies). If the opposite scenario happens, we will most likely see prices fall again.

Meraj Ethereum update (September 23)

Merge, the hottest topic in the digital currency industry these days, needs no further explanation. A change in the consensus mechanism of the largest decentralized application ecosystem will certainly affect the market; This is because we see the development of many programs in various areas of the digital currency market, which are dependent on the Ethereum network, and among these, we can mention liquidity offering platforms, borrowing and lending markets, and mining pools, of course, the last one after the Marj update. It will no longer play a role in the Ethereum network.

At the time of publication of this report, Ethereum price fluctuates in the range of $1,750 after a 12% growth in the past week and a decrease in the extreme fluctuations of the recent days of the market.

Meeting of the US Federal Free Market Committee (September 30)

The Federal Reserve raising interest rates again should not come as a surprise to financial markets, including the digital currency market; Because the future decisions of this committee about the interest rate are already reflected in the market prices and should not increase the volatility.

You will see a sharp increase in market volatility only if the Central Bank of America decides to increase the interest rate by 1 percentage point instead of 0.75 percentage points, which is very unlikely.