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Experts of the portal u.today assured: this week from September 12 to 18, 2022 will be the most important for the cryptocurrency sector this year. They explained that this state of affairs is due to the fact that during this period of time 3 very important events will occur at once, which will certainly affect the future of the market. According to them, investors may face one of the biggest spikes in volatility for the whole year, after the events that are scheduled for the coming days.
The point is that new data from the CONSUMER Price Index (CPI) of the United States will first be made public. This will provide a direct signal about the upcoming changes in US monetary policy, which will greatly affect the situation in the crypto market. If the data remains below expectations, financial regulators should loosen their grip. Otherwise, the value of leading virtual assets will begin to fall again.
The second important event will be the Merger of Ethereum Networks (ETH). This topic has long been the most discussed in the community. Fundamental changes in the largest ecosystem in the cryptocurrency market should affect the market and have already caused changes over the past few months, changing the state of affairs on decentralized finance platforms (DeFi) and in the mining sector. If the update procedure fails to complete successfully, this also promises a market crash in the short and medium term.
In addition, a meeting of the Federal Reserve System (FRS) is scheduled for this week. In its course, the issue of the next increase in credit rates due to the growing level of inflation will be resolved. If the rhetoric of the members of the organization is harsh in relation to the markets, then this may have a negative impact on the cryptocurrency sector.
Earlier, the editors of Crypto.ru reported: As of the morning of September 12, 2022, 5 digital currencies have become more expensive by more than 50% over the past 7 days. The best for the week was Terra (LUNA), which increased in value by as much as 191.18%.
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