Every Sunday, cryptocurrency investors gear up for upcoming events that could sway market volatility. It’s prudent for them to anticipate these occurrences, as early indicators of market movements often emerge ahead of time. The latest preparatory guide for the week ahead is now readily accessible.
Upcoming Market Influencers
Post Federal Reserve meeting analysis indicates heightened tension in risk markets due to suboptimal data. It’s anticipated that the SEC might initiate interest rate reductions as the first quarter concludes. Such a move hinges on U.S. economic data that favors risk market conditions.
Weekly Calendar for Crypto and Macroeconomics
The crypto space and broader economic landscape are set to experience significant events over the coming week. Monday’s agenda includes the U.S. Manufacturing PMI report and a resolution on Coinbase‘s application to the CFTC concerning derivative products for Litecoin, Dogecoin, and Bitcoin Cash. Other noteworthy events include cryptocurrency unlocking worth millions and several Federal Reserve officials scheduled to speak.
Thursday promises to be pivotal with the European Central Bank (ECB) releasing minutes and the U.S. unemployment claims report due. The much-anticipated Bitcoin Cash halving event will also take place. Ending the week, Friday’s focus will be on the U.S. employment data, with average hourly earnings, nonfarm employment figures, and the unemployment rate being announced, followed by more Fed commentary.
The culmination of these developments could lead to market shifts, particularly if the employment data influences the Fed’s interest rate decisions. Cryptocurrency investors are keeping a close watch, especially on the potential impact of the Bitcoin Cash halving and the outcomes of Coinbase’s derivative product applications.