Will the expected White House crypto report juice the markets?

There was a pre-FOMC meeting risk-off move, with top altcoins and memecoins dropping 3%-10%. But an analyst expected a potential bullish catalyst ahead of inflation data and the White House crypto report. 

A few hours before the U.S. Federal Open Market Committee (FOMC) rate cuts meeting, the crypto market witnessed slight de-risking, especially among altcoins.

But there were other macro data and expected updates that could further impact crypto this week. 

The altcoin unwind followed Bitcoin’s [BTC] sharp dip to $116.95k on the 29th of July.

As of press time, however, BTC was back above $118k, but the altcoins were yet to mark a clear direction ahead of the Fed rate decision.