Greeks.live: Confidence in the cryptocurrency market has recovered significantly, but there is still noticeable downward pressure this week
ChainCatcher news, Greeks.live macro researcher Adam released this week's major events on the X platform.After a week of adjustment, the market has recovered from the impact of the Bank of Japan's interest rate hike. Recent dovish comments from the Bank of Japan have also boosted market confidence. Despite continuous bearish news, market sentiment is relatively optimistic this week. The macro focus has shifted back to U.S. economic data, with the probability of a rate hike in September continuing to rise, which has provided some confidence to the market. If this week's data further instills confidence in rate hikes, the rebound will likely continue.After a week of panic sentiment release, market confidence has recovered significantly, so implied volatility (IV) across major maturities has decreased compared to last week. Currently, IV remains at a relatively high level, and there is still significant downward pressure this week. The cryptocurrency market continues to maintain a wide-ranging fluctuation trend that has formed since March, with ETH being relatively sluggish and experiencing a sharp decline in exchange rate.Major Events This Week:8/13 TuesdayTrump accepts a major interview with Musk;U.S. July PPI;8/14 WednesdayU.S. July CPI;Reserve Bank of New Zealand interest rate decision;8/15 ThursdayU.S. initial jobless claims for the week;U.S. July retail sales month-on-month;2025 FOMC voter, St. Louis Fed President Bullard speaks on the U.S. economy and monetary policy;8/16 Friday2024 FOMC voter, Richmond Fed President Barkin participates in a fireside chat;The U.S. Democratic Party launched the "CryptoforHarris" campaign to counter Trump;