Bitcoin Prices Slip as Interest Rate Hike Looms Amid Week of Economic Events

Bitcoin prices are poised to close the week down 1.47% due to strengthening predictions of an interest rate hike by the Federal Reserve, and a security vulnerability in the Coldcard hardware wallet that resulted in some users' assets being stolen.

The past week has been relatively quiet for Bitcoin, but the new week promises numerous economic developments and altcoin events that could impact cryptocurrency prices.

On Monday, August 3rd, Upbit will delist AERGO and AQT, while American Bitcoin will release its second-quarter financial report. The crypto wallet Ctrl Wallet will cease operations, and Zapper, a DeFi control panel, will be completely shut down.

On Tuesday, Palantir and SpaceX will both release their earnings reports, while Hut8, a Bitcoin mining company, will also release its second-quarter financial report. Binance will end support for the Sophon mainnet.