Key Developments of the Week for Bitcoin and Crypto Investors
Important Dates and Developments That Could Impact Financial Markets This Week
Tracking macroeconomic news is as vital as technical analysis in the cryptocurrency market. We have compiled all the key developments that could affect financial markets between July 27 – July 31 for you.
Monday, July 27
The CFTC’s comment window closes regarding the extension of listed derivative transactions to 24/7 and permitting perpetual contracts for physically delivered commodities. U.S. June Durable Goods Orders (Monthly) data will be released. (15:30 UTC+3) (Previous: -4.5%)
Tuesday, July 28
PayPal Holdings (PYPL) will release its earnings report before the market open. (Expectation: $1.28)
Wednesday, July 29
Australia’s June Consumer Price Index (CPI) (YoY) (Previous: 4.1%) and RBA Trimmed Mean CPI (YoY) (Previous: 3.6%) data will be announced. (04:30 UTC+3) Polygon will perform the Ithaca hard fork upgrade on the mainnet. SoFi Technologies (SOFI) will release its earnings report before the market open. (Expectation: $0.11) The U.S. Federal Reserve (Fed) will announce its interest rate decision. (21:00 UTC+3) (Expectation: 3.75% Previous: 3.75%) The U.S. Fed Chair will hold a press conference regarding the monetary policy decision, interest rate trajectory, and economic outlook. (21:30 UTC+3) Robinhood Markets (HOOD) will release its earnings report after the market close. (Expectation: $0.41) Riot Platforms (RIOT) will release its earnings report after the market close. (Expectation: -$0.22)
Thursday, July 30
BitMEX will close and delist 35 derivative contracts as part of the process to wind down the exchange’s operations. Eurozone Q2 GDP Growth Rate (QoQ) Preliminary (Previous: -0.2%) and YoY Preliminary (Previous: 0.3%) data will be released. (12:00 UTC+3) The Bank of England (BoE) will announce its interest rate decision. (14:00 UTC+3) (Expectation: 3.75% Previous: 3.75%) Mastercard (MA) will release its earnings report before the market open. (Expectation: $4.76) U.S. Q2 GDP Growth Rate (QoQ) Preliminary data will be announced. (15:30 UTC+3) (Previous: 2.1%) U.S. weekly jobless claims for the week ending July 25 will be announced. (15:30 UTC+3) (Previous: 187K) U.S. June PCE Price Index (YoY) (Previous: 4.1%) and Core PCE (YoY) (Previous: 3.4%) data will be announced. (15:30 UTC+3) Coinbase Global (COIN) will release its earnings report after the market close. (Expectation: $0.14) MicroStrategy (MSTR) will release its earnings report after the market close. (Expectation: $16.85)
Friday, July 31
China’s July NBS Manufacturing PMI (Previous: 50.3) and Non-Manufacturing PMI (Previous: 50.2) data will be released. (04:30 UTC+3) The Bank of Japan (BoJ) will announce its interest rate decision. (06:00 UTC+3) (Expectation: 1% Previous: 1%) The FTX Recovery Trust’s fifth distribution process for creditors will begin. Cboe Global Markets (CBOE) will release its earnings report before the market open. (Expectation: $3.32) Eurozone July Consumer Price Index (CPI) (YoY) Preliminary (Expectation: 2.9% Previous: 2.8%) and Core CPI (YoY) Preliminary (Expectation: 2.4% Previous: 2.4%) data will be released. (12:00 UTC+3) Trump Media & Technology Group (DJT) will release its earnings report after the market close.