Crypto Market Braces for Volatility as Powell Speaks, Key Data Released

This week, the cryptocurrency market is preparing for several key U.S. economic events that could significantly impact Bitcoin and Ethereum prices. The most anticipated event is Federal Reserve Chairman Jerome Powell’s speech on July 22, 2025, at a banking conference. Powell’s remarks are expected to provide insights into the Fed’s stance on interest rate policy, particularly in light of recent inflation increases. The Fed has maintained interest rates at 4.25%–4.50% since March, and June’s inflation rate rose from 2.4% to 2.7%, the highest level since February. Powell’s comments could influence crypto market sentiment, as he has maintained a data-driven approach focused on inflation and labor trends.

On July 23, existing home sales data for June will be released. The figure had increased to 4.3 million in May but is now expected to decline back to 4 million, indicating a cooling resale market. On July 24, new home sales data will be published. The previous reading had dropped to 0.623 million in May, but expectations for June point to a recovery at 0.65 million. A rebound in new home sales could reflect builder confidence and continued construction momentum, signaling the overall health of the economy. Additionally, on July 24, the S&P Global US Manufacturing PMI will be released. The index rose to 52.9 in June from 52, indicating expansion in the sector. However, concerns are growing over inventory build-ups and tariff-related pressures that could lead to slower growth in July.

This week, around 112 S&P 500 companies—roughly 22% of the index—will release their Q2 2025 results. These include major names like Google, Tesla, IBM, Coca-Cola, General Motors, Verizon, and Intel. Investors will scrutinize these earnings for signs of corporate strength, consumer behavior, and inflationary pressures. Strong results may drive rallies in both traditional and crypto markets, while weaker-than-expected outcomes could lead to pullbacks. With Powell’s speech, housing data, PMI figures, and key earnings all scheduled this week, markets are bracing for potential volatility. Positive surprises could lift Bitcoin and altcoins higher, while disappointing data may cause short-term declines. Crypto traders should stay alert and ready for rapid shifts in sentiment.

In summary, the cryptocurrency market is facing a week of potential volatility due to major U.S. economic events. The release of key economic data, including housing reports and PMI figures, along with Powell’s speech and S&P 500 earnings, could significantly impact both traditional finance and digital assets. Investors are advised to stay informed and monitor these developments closely, as the outcomes may dictate short-term trends in the crypto market.