Eurozone CPI (Wednesday)

Eurostat releases final July inflation for the currency bloc at 11:00 CET. Consensus expects headline CPI to hold at 2.0% year over year, with core steady as well. A downside surprise — say, a print back toward May’s 1.9% — would give the European Central Bank more cover to lean dovish in coming months. Equities in Europe would likely extend recent gains, a backdrop that has tended to support risk assets like Bitcoin. A hotter-than-expected reading, however, would hint that higher trade tariffs are filtering into consumer prices, narrowing ECB flexibility and potentially pressuring stocks and crypto.

FOMC Minutes (Wednesday Evening)

At 20:00 CET the Federal Reserve publishes minutes from its last policy meeting. Markets want detail on how officials are weighing sticky producer prices, softer consumer inflation, and political pressure for steeper cuts. While Chair Jerome Powell has stuck to a watchful stance, the prior week’s stronger PPI likely reinforced caution. Even so, derivatives markets still largely price a 25-basis-point cut in September. Any hint in the minutes about the path of rates, balance-sheet runoff, or the bar for larger cuts could move the dollar — and with it, BTC. According to the CME Watchtool, the vast majority (96 percent) of market participants also expect an interest rate cut. If the minutes also provide new insights into the future development of U.S. monetary policy, market volatility is likely to increase again on Wednesday evening. 

U.S. Existing Home Sales (Thursday)

The National Association of Realtors reports July existing home sales at 16:00 CET. After slipping to 3.93 million annualized in June — the weakest since October 2024 — economists look for a marginal downtick to 3.92 million. Another miss would underline a still-fragile housing backdrop despite lower asking prices, a sign that elevated mortgage rates continue to chill demand. A positive surprise back above 4.0 million would be read as a short-term stabilizer for household sentiment and risk appetite.

Jackson Hole Symposium (All Week; Powell Friday)

Central bankers and economists gather in Jackson Hole, with a string of Fed speakers early in the week and Powell’s closely watched remarks scheduled for Friday at 16:00 CET. Traders will parse every word on inflation progress, the timing and size of rate cuts, and any fresh commentary on the balance sheet. For crypto, a subtly softer tone often translates into a weaker dollar and easier financial conditions — conditions that have historically favored BTC and high-beta altcoins.

Corporate Diary to Watch

Two headline prints could color risk sentiment around the edges: Bitcoin miner Bitdeer Technologies is due to report midday Monday (pre-market U.S.), and Walmart posts results pre-market on Thursday. Solid reads from consumer bellwethers and crypto-native firms alike would support the “soft-landing plus gradual easing” narrative markets have been leaning on.

Why It Matters for Crypto Right Now

With BTC consolidating below 118,000 US dollars after a brief price-discovery spurt, macro tone can tip the next leg. A benign mix — Eurozone CPI on target or cooler, minutes that keep a September trim in play, and a non-hawkish Powell — would likely revive bid interest into the weekend. Conversely, any hawkish surprise (hotter EU inflation, firmer-for-longer rhetoric from Powell) could keep Bitcoin capped beneath 120,000 and extend rotation within altcoins.

Levels and Signals Traders Are Watching

  • Bitcoin: The 118K–120K zone remains the near-term pivot; acceptance above opens the door to prior resistance bands, while repeated failure risks a retest of mid-110Ks.
  • Altcoins: ETH, SOL, and BNB outperformed last week; if macro lands “just right,” that relative strength could continue.
  • Flows: ETF and fund inflows, stablecoin issuance trends, and dollar momentum (DXY) will frame risk appetite into the Powell speech.

Bottom Line

This is a macro-heavy, headline-sensitive week. If data and Fed rhetoric validate the market’s base case — slower inflation and a measured path to rate cuts — Bitcoin’s pause may prove brief. If not, expect more range trading below 120,000 US dollars and a choppier tape across altcoins until the policy picture clears.