Critical week for crypto markets and global finance: Clarity Act and Fed decisions expected

Like the global financial world, cryptocurrency markets are entering one of the most important periods of recent times. The new week will witness many new and consecutive developments.

One of the most important developments of the week will be related to the crypto law Clarity Act. 60 votes in favor of the bill in the procedural vote to be held in the Senate tomorrow will ensure that the process progresses much stronger and faster. If there are not 60 votes in this vote, this will not mean that the law is completely rejected, but it will be a big blow to the process. The process of the bill, which has already been discussed in the Senate for a year, will take a much longer time.

Recent developments have revived hopes for the bill, where expectations had begun to fade away. Republicans shared the new draft text at night. Wyoming Senator Cynthia Lummis, one of the biggest supporters of the law, stated in the information she gave on the

The most important decision awaited by the global financial sector will come on Wednesday. At 21:00 GMT, the Fed will announce its new interest rate decision. Especially after the inflation data was announced on Friday, it does not go unnoticed that the market's expectations exceeded 85% and reached 87%.

The Bank of Japan will hold its first meeting on Friday after the interest rate decision last announced in July. The institution was expected to increase interest rates by 25 basis points in July, but this decision was postponed until September due to the increase in oil prices. It is a matter of curiosity what kind of decision the Japanese will make as oil prices increase again. It is seen as a high possibility that the institution, which wants to prevent the depreciation of the Japanese yen, will increase the interest rate this time. If the interest rate is increased by 25 basis points, the interest rate in the country will increase to 1.25%.