📈 US Consumer Confidence
On Tuesday, we’ll get a glimpse of the U.S. Consumer Confidence Index. Though this metric usually provides a pulse on traditional economic health, its effect on the crypto sphere is often nuanced. Nevertheless, any pronounced shift in this index might echo into the crypto corridors, nudging investor sentiment one way or the other.
🎙 Fed Chairman Powell’s Speech
Come September 28, all ears will be on Chairman Powell. Words from the Federal Reserve always have the potential to influence market perspectives, and this speech will be no different. The crypto cosmos will undoubtedly be listening intently.
🔍 Binance Problems
Binance, once the behemoth of crypto exchanges, is navigating some choppy waters. Contrary to popular belief, not only Binance.US has problems. Recent data highlighted a sharp 57% fall in their Bitcoin trading volume in September. Simultaneously, rivals like Coinbase have managed to hold their ground or even prosper.
My Take: Binance’s centralized trade volume was a concern. As this volume begins to scatter across other platforms, it signals a more balanced ecosystem. Still, a troubled Binance is concerning for the industry at large.