Next week is probably one of the most important weeks we had this year! Two key events could drastically change the overall sentiment.

We are about to enter one of the most important weeks this year so far, as we are eagerly awaiting for two very important events that will definitely one way or the other affect the markets and the sentiment.

The first event that will have an impact is the Monthly US Core Consumer Price Index (CPI), this will be an important report for the overall sentiment of the stock market which of course will have an important impact on the overall investors sentiment in the cryptocurrency market as well.

One of the positives is the last report that was presented for July 2022 last month, where we saw a 0.5% drop which could indicate a further downturn for August 2022 report:

The Consumer Price Index (CPI) rose 7.6% on a year-over-year basis in July, down from an 8.1% gain in June

We can expect the report to be released on Tuesday, 13th September 2022. If we see a further downtrend on the CPI, this could mark a bullish behavior and trigger a rally and this will reflect on the cryptomarkets as well.

The second event that will have an impact directly to the Crypto Market is the long awaited Ethereum Merge which is scheduled on September 15th 2022.

The Ethereum Merge will mark an end for POW (Proof of Work) as Ethereum will make a full transition to proof-of-stake, and Ethereum Mainnet will merge with the Beacon Chain proof-of-stake system. This event will reduce Ethereum's energy consumption by ~99.95% and mark an new era for the entire cryptospace.

Per the last updates provided yesterday, the last shadow fork was completed successfully and everything seems to be ready for ultimate Merge to POS.

We are about to enter a very exciting week, probably the most exciting week that crypto had this year and this might just trigger a new bullish outlook for the rest of the year and potentially change the overall sentiment that we had so far.