Bitcoin Price Weekly: Market consolidation, Federal Reserve interest rate hike expectations and security events dragged down the market
In the past week, Bitcoin prices have generally shown a sideways consolidation trend and are expected to fall by 1.47% at the close of this week. This trend is mainly affected by the Federal Reserve's increased expectation of raising interest rates. At the same time, a security breach in the cold wallet Coldcard has led to the theft of some users 'assets, further exacerbating market pressure.
On the other hand, there will be many economic developments and alt-related events waiting for cryptocurrency users in the new week. The following is the week's cryptocurrency calendar compiled for you (all times are UTC+3 Turkish time).
On Monday, August 3,
Upbit will remove AERGO and AQT.
U.S. Bitcoin Corporation will release second-quarter earnings.
Cryptocurrency wallet Ctrl Wallet will cease to operate.
DeFi control panel Zapper will be completely turned off.
On Tuesday, August 4,
Palantir will release earnings.
SpaceX will release financial results.
Bitcoin mining company Hut8 will report second-quarter earnings.
Binance will stop supporting the Sophon (SOPH) main network.
On Wednesday, August 5,
AMD will release financial results.
Circle will release financial results.
Galaxy Digital will release financial results.
15:15-U.S. ADP non-farm payrolls data (forecast: 71,000, previous value: 98,000)
August 6 (Thursday)
SpaceX (SPCX) is about to make a major key breakthrough.
15:30-Initial jobless claims in the United States (forecast: 205,000, previous value: 197,000)
On Friday, August 7
DataMEDS AI will distribute memecoin to its shareholders.
Grayscale will issue pledge rewards on a quarterly basis.
15:30-U.S. average hourly wage (monthly rate)(expected: 0.3%, previous value: 0.3%)
15:30-U.S. non-farm payrolls (expected: 88,000, previous value: 57,000)
15:30-U.S. unemployment rate (expected: 4.2%, previous value: 4.2%)
* The above does not constitute investment advice.

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