PANews, November 22nd - The cryptocurrency market fared even worse this week. At the time of writing, Bitcoin was trading around $83,000, down 35% from its all-time high of $126,000, almost completely erasing its gains since April. This week, the "king of crypto" fell 18%, its strongest weekly drop since mid-November 2022. November is expected to record its worst monthly performance since the market correction in June 2022. Here are the key points to watch in the market this week: At 23:30 on Monday, the Dallas Fed Business Activity Index for November will be released. At 21:30 on Tuesday, the US September retail sales month-on-month rate and the US September PPI will be released. At 23:00 on Tuesday, the US Conference Board Consumer Confidence Index for November will be released. At 21:30 on Wednesday, the number of initial jobless claims in the United States for the week ending November 22 will be released. For the United States, next week will not be too busy due to the Thanksgiving holiday, which means that data will be concentrated in the first three days of this week.PANews, November 22nd - The cryptocurrency market fared even worse this week. At the time of writing, Bitcoin was trading around $83,000, down 35% from its all-time high of $126,000, almost completely erasing its gains since April. This week, the "king of crypto" fell 18%, its strongest weekly drop since mid-November 2022. November is expected to record its worst monthly performance since the market correction in June 2022. Here are the key points to watch in the market this week: At 23:30 on Monday, the Dallas Fed Business Activity Index for November will be released. At 21:30 on Tuesday, the US September retail sales month-on-month rate and the US September PPI will be released. At 23:00 on Tuesday, the US Conference Board Consumer Confidence Index for November will be released. At 21:30 on Wednesday, the number of initial jobless claims in the United States for the week ending November 22 will be released. For the United States, next week will not be too busy due to the Thanksgiving holiday, which means that data will be concentrated in the first three days of this week.
Macroeconomic Outlook for Next Week: The probability of a December rate cut has surged to 73%, and Powell's "stand-in" is closely monitoring the Beige Book.
PANews, November 22nd - The cryptocurrency market fared even worse this week. At the time of writing, Bitcoin was trading around $83,000, down 35% from its all-time high of $126,000, almost completely erasing its gains since April. This week, the "king of crypto" fell 18%, its strongest weekly drop since mid-November 2022. November is expected to record its worst monthly performance since the market correction in June 2022. Here are the key points to watch in the market this week:
At 23:30 on Monday, the Dallas Fed Business Activity Index for November will be released.
At 21:30 on Tuesday, the US September retail sales month-on-month rate and the US September PPI will be released.
At 23:00 on Tuesday, the US Conference Board Consumer Confidence Index for November will be released.
At 21:30 on Wednesday, the number of initial jobless claims in the United States for the week ending November 22 will be released.
For the United States, next week will not be too busy due to the Thanksgiving holiday, which means that data will be concentrated in the first three days of this week.
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