Major Crypto Events Set to Impact Markets This Week

The global crypto market continues its bullish momentum, with significant developments expected in both crypto and macroeconomic spheres this week. Market capitalization has risen to $3.96 trillion, recording a 1.43% increase.

Simultaneously, 24-hour trading volume surged by 25.55%, now totaling $150.71 billion. Investor sentiment remains elevated, as the Crypto Fear & Greed Index holds firm at 67, signaling strong “Greed” in the markets.

Bitcoin ( BTC ) is trading at 119,500, which is a 2% increase in the last 24 hours. It has a strong dominance of 60%. Ethereum (ETH) has, instead, made a 3.84% growth to become $3,944 with a markets share of 11%. These numbers indicate that investors are now more confident and are likely to trade more during an important week in the economy.

Key Federal Reserve Decisions Loom

All eyes are on the Federal Open Markets Committee (FOMC), which will conclude its policy meeting on July 30. The central bank is expected to hold interest rates steady within the 4.25%–4.5% range.

Despite pressure from former President Donald Trump, who has criticized Chair Jerome Powell, analysts expect no immediate rate cut. Political tension has been rising, especially following scrutiny over a $2.5 billion Fed headquarters renovation.

Source: tweet

Morgan Stanley’s top U.S. economist, Michael Gapen, believes the Fed will adopt a cautious tone. He noted that lingering uncertainty around trade and tariffs has made the central bank more hesitant to act. With inflation still above the Fed’s 2% target, and employment showing early signs of strain, policymakers may wait for clearer signals before shifting their stance.

Upcoming GDP Data to Influence Crypto

July 31 marks the release of the second-quarter GDP advance estimate. Projections show consideration of a 2.4% annualized growth rate according to the 0.5% decline experienced in Q1.

Yet, uncertain consumer spending is likely to increase just by 1.5%, and slow business investments may hesitate the rapidity. The housing market is still weak, which also adds to the negative effect on the whole economy.

Due to the rise in US equities, a potentially positive GDP report may reinforce the bullish momentum in the crypto market, pushing more institutional money into the market. According to analysts, stable economic prospects can further cement investor appetites for digital investments such as Bitcoin and Ethereum.

July Jobs Report May Shift Mood

The final event to watch this week is the July nonfarm payrolls report, due August 1. June saw an unexpected jump of 147,000 new jobs, pushing the unemployment rate down to 4.1%.

But the July data is expected to indicate a deceleration, and the expectation is that unemployment might increase to 4.2%.

The growth of wage also has hesitated and is at 3.7% annual increment. Slowing down in labor market can be interpreted by the investors as a deterioration of the economy.

This may affect the markets as well as the crypto field, especially when expectations of rate cuts re-emerge. The crypto market is ready to have an important week with the macro data and crypto signals in agreement.