4 Earth-Shattering Events That Will Decide the Fate of Your Wallet

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🚨 Crypto Markets on the Brink: 4 Earth-Shattering Events That Will Decide the Fate of Your Wallet 🚨

4 Earth-Shattering Events That Will Decide the Fate of Your Wallet

As the great prophet of Wall Street once said, “The only thing we have to fear is fear itself… and also the cracks in the US economy’s resilience, which are starting to resemble a giant spider web 🕷️.”

Last week, the economic reports came pouring in like a deluge of bad news, revealing that the US economy is not as resilient as we thought. The service-sector PMI reading was lower than expected, and now everyone is running around like headless chickens, wondering what’s next 🐓.

This week, the economic events will be like a never-ending parade of doom and gloom 🎉. The GDP and PCE inflation data will be released, and if it’s not good, well… let’s just say the markets will be singing the blues 🎶. And don’t even get me started on the Trump’s federal layoffs under DOGE – it’s like a bad joke, but with real consequences 😂.

Economic Events Feb. 24 to 28

It’s like the economists are trying to warn us of an impending doom, but nobody is listening 🚨. The mentions of “stagflation” are becoming more common, and it’s like a bad omen hanging over the markets like a dark cloud ☁️.

But wait, there’s more! The consumer confidence data will be released on Tuesday, followed by new home sales data on Wednesday. And then, on Thursday, the fourth-quarter GDP data will be like a ticking time bomb, waiting to blow the markets to smithereens 🕰️.

Friday will see the January’s Core Personal Consumption Expenditures (PCE) report, which is like the ultimate test of the Fed’s patience. If it’s not good, they might just have to raise those interest rates, and that would be like a punch in the gut 💥.

Key Events This Week:

1. CB Consumer Confidence data – Tuesday

2. January New Home Sales data – Wednesday

3. Nvidia, $NVDA, Reports Earnings – Wednesday

4. US Q4 2024 GDP Data – Thursday

5. January PCE Inflation data – Friday

6. Total of 10 Fed Speaker Events This Week

An…

— The Kobeissi Letter (@KobeissiLetter) February 23, 2025

But amidst all this doom and gloom, there’s a glimmer of hope 🌟. The Senate Banking Committee Hearing titled “Exploring Bipartisan Legislative Frameworks for Digital Assets” could be like a breath of fresh air for crypto markets, and Nvidia’s earnings report on Wednesday might just give AI-related crypto assets a much-needed boost 💻.

And let’s not forget the revenue reports from several crypto miners, including Riot, Marathon, Bitdeer, Terawulf, and Core Scientific, which are like a never-ending parade of numbers and charts 📊.

Crypto Market Outlook

Crypto market capitalization has taken a beating, declining 2.3% over the past 24 hours to $3.28 trillion at the time of writing. But hey, at least it’s still in consolidation mode, right? 🤔

Bitcoin is down marginally, having fallen below $96,000 during the Asian trading session on Monday morning. Volatility is low, and the asset has remained tightly range-bound for most of this month. It’s like a game of cat and mouse, where the cat is the market and the mouse is your wallet 🐭.

Ethereum had fully recovered from the hack news, tapping an intraday high of $2,835 in early trading on Monday, but it could not sustain that level, falling back to $2,740 at the time of writing. It’s like a seesaw, up and down, but never really going anywhere 🎠.

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2025-02-24 09:47