The week of January 15-21 may have passed, but significant events continue to shape the cryptocurrency market. Bitcoin struggles below $43,000, and altcoins have returned gains fueled by ETF excitement. The coming days are poised to bring pivotal developments that could influence the direction of cryptocurrencies.
Monday, January 15, is marked by a U.S. holiday and Fetch (FET) mainnet upgrade. The following day, attention turns to a speech by Fed/Waller, the MultiversX (EGLD) Sirius activation, and the unlocking of $2.16 million in FLOW.
Midweek, on January 17, the Eurozone CPI and U.S. core retail sales figures will be closely watched, alongside multiple Fed speeches and the Ethereum Goerli Testnet upgrade. APE will also unlock $22 million.
Thursday, January 18, focuses on U.S. unemployment claims and the unlocking of $27.47 million in AXS. The week concludes with Fed Daly’s speech on Saturday and the unlocking of $142 million in INJ on Sunday.
While the macroeconomic front isn’t overly busy, Fed members’ comments on recent data could hint at a hawkish tone, especially after strong employment figures. Altcoins may experience increased volatility due to significant unlocking events, and caution is advised on Monday, with U.S. markets closed and a reputation for declines.