Crypto Market Braces for Inflation Report and Nvidia Earnings
The upcoming U.S. inflation report and Nvidia's earnings could send shockwaves through the crypto ecosystem, potentially impacting Bitcoin prices.
The Personal Consumption Expenditures (PCE) data is expected to show a core rise of 3.2% year-over-year and 0.18% month-over-month, but a spike above these estimates could ignite volatility.
Nvidia's second-quarter financial results are also highly anticipated, with its performance potentially ushering in a wave of optimism for cryptocurrency investments.
Federal Reserve Chief Kevin Warsh is set to speak at the Jackson Hole Symposium on Friday, and his insights on monetary policy will be closely watched by investors.