Key Developments of the Week for Bitcoin and Cryptocurrency Investors

Important Dates and Developments That Could Impact Financial Markets This Week

Following macroeconomic news is as crucial as technical analysis in the cryptocurrency market. We have compiled all the key developments that could impact financial markets between August 17 – August 23 for you.

Monday, August 17

• BitFuFu earnings: BitFuFu (FUFU) will announce its financial results before the market opens; the source cites a value of $0.01.
• Canada CPI: Canada’s annual Consumer Price Index (CPI) data for July will be released (UTC+3: 15:30; expectation: 2.6%; previous: 2.8%).

Tuesday, August 18

• USDC agreement renewal: The USDC partnership agreement between Coinbase and Circle, which regulates the revenue-sharing economy, will enter its first three-year renewal period.
• Canaan earnings: Canaan (CAN) will announce its financial results before the market opens; the source cites a value of -$0.14.
• BTCS earnings: BTCS Inc (BTCS) will announce its financial results after the market closes.
• US Industrial Production: Monthly industrial production data for the US for July will be released (UTC+3: 16:15; expectation: 0.3%; previous: 0.1%).

Wednesday, August 19

• UK CPI: The UK’s annual headline CPI data for July will be released; expectation: 3.0%, previous: 2.6%; previous value for core annual CPI: 2.6% (UTC+3: 09:00).
• Eurozone Inflation: Final annual headline and core inflation data for July for the Eurozone will be released (UTC+3: 12:00; headline expectation: 2.9%, previous: 2.8%; core expectation: 2.5%, previous: 2.4%).
• FOMC Minutes: The FOMC minutes from the US Federal Reserve’s July 28–29 meeting will be published (UTC+3: 21:00).

Thursday, August 20

• US Jobless Claims: US initial jobless claims for the week ending August 15 will be announced (UTC+3: 15:30; expectation: 201K; previous: 209K).

Friday, August 21

• Japan CPI: Japan’s annual headline CPI and core CPI data for July will be released; headline CPI previous value: 1.7%, core CPI expectation: 1.8% and previous value: 1.6% (UTC+3: 02:30).
• UK Retail Sales: Monthly retail sales for July for the UK will be released; previous value: 1.0% (UTC+3: 09:00).
• Eurozone Flash PMI: S&P Global Composite PMI flash data for August for the Eurozone will be released (UTC+3: 11:00; expectation: 51.6; previous: 52.0).
• US Flash PMI: S&P Global Composite PMI flash data for August for the US will be released (UTC+3: 16:45; expectation: 53.2; previous: 54.5).

Sunday, August 23

• EU Crypto Platform Transaction Ban: The EU’s ban on transactions with 14 specified crypto asset service platforms will begin to be implemented.