Key Events to Watch This Week as Crypto Market Dips Below $4.1T

The week ahead brings several major U.S. economic reports and Federal Reserve updates that could steer crypto markets, which began Monday under pressure after a flat weekend.

Macro Triggers on Deck

Markets are bracing for a series of events:

• Tuesday: Fed Chair Jerome Powell delivers a speech that could signal the central bank’s next steps following last week’s rate cut.

• Thursday: A revised Q2 GDP report will shed light on U.S. economic growth and spending trends.

• Friday: Core PCE inflation data — the Fed’s preferred gauge — is due, alongside consumer sentiment and inflation expectations readings.

These releases are expected to influence investor sentiment across risk assets, including crypto, as traders gauge whether further easing is likely at the October and December Fed meetings.

Crypto Market Retreats

After holding steady around $4.1 trillion over the weekend, total crypto market capitalization fell by $75 billion early Monday, slipping back toward $4.02 trillion.

• Bitcoin (BTC): Dropped to $114,300, its lowest in 10 days, after failing to clear $118,000 resistance last week. If current levels give way, a retest of $110,000 support could follow.

• Ethereum (ETH): Lost nearly 4%, breaking below $4,300 for the first time in two weeks.

• Altcoins: Broader weakness spread across the market, with sharper declines in DOGE and HYPE.

Outlook

The next few days could determine whether crypto regains momentum or continues to drift lower. Traders are watching Powell’s tone closely, along with GDP and inflation data, for signs that could spark renewed volatility across BTC, ETH, and the altcoin sector.