Greeks.live analyst Adam released this week’s biggest news on X (7/22-7/28):
There is a lot of news worthy of attention this week. The first and most noteworthy thing is the Bitcoin Conference that opens on Thursday. Trump will attend the speech and is likely to release breaking news that is beneficial to encryption. Under normal circumstances, the ETH ETF will be listed on Tuesday, which also gives the market a lot of confidence.
The market situation improved significantly in the second half of July. Currently, many mainstream currencies are in the main upward trend, and the bullish sentiment is obvious.
Big news this week:
7/22 Monday*
G20 finance ministers and central bank governors meet
7/23 Tuesday*
U.S. June retail sales monthly rate
Fidelity and other 5 Ethereum spot ETFs will be listed on Cboe
7/24 Wednesday*
Bank of Canada interest rate decision
7/25 Thursday*
Number of Americans filing initial jobless claims this week
Bitcoin Conference 2024, speakers include Trump, Cathie Wood
7/26 Friday*
U.S. Core PCE Price Index for June
New Zealand's central bank launches consultation on digital cash
The 2024 Paris Olympic Games will be held in Paris, France until August 11
Crypto Market Outlook:
Affected by the German government's sell-off, the cryptocurrency market formed a deep V trend in July. BTC and ETH have rebounded sharply in the past two weeks. Stimulated by multiple positive factors, the major term IVs of cryptocurrency have also rebounded significantly. Overall IV levels are currently rebounding, spurred by the rally and Trump’s assassination, with Bitcoin in particular rebounding by almost 15%.