Each Sunday, we delve into pivotal developments poised to influence cryptocurrency markets in the forthcoming days. Detailed with precise timings and dates, these events frequently incite price fluctuations. Investors can capitalize on these swings by anticipating significant occurrences. So, what can investors expect in the next week?
What Will Happen on Monday?
The final day of the week has brought forth a whirlwind of activities. The SEC’s unexpected reversal on the spot ETH ETF on Monday led to a 20% surge in the altcoin king, Ethereum. Bitcoin also breached the $71,000 mark, igniting a rally across various altcoins. Several crucial events are lined up in the coming days that could significantly impact cryptocurrency enthusiasts. Let’s explore these events with their specific timings and dates.
How Will the Week Unfold?
May 27, Monday, starts with a US Markets Holiday, followed by a speech from Fed’s Williams at 20:45. FLOKI has an announcement, and Solana‘s V1.18 goes live. Additionally, there’s a significant YGG unlocking worth $8.2 million.
On May 28, Tuesday, Fed officials Mester and Bowman speak at 07:55, Kashkari at 16:55, and Cook at 20:05. UK listings for BTC and ETH ETP are also scheduled for this day.
May 29, Wednesday, features a speech from Fed’s Williams at 20:45 and the release of the Fed Beige Book at 21:00. The day also hosts the Consensus Coindesk Event and the Bitcoin Seoul Conference.
May 30, Thursday, is marked by the US GDP release at 15:30, with expectations at 3.1% compared to the previous 1.7%. US Unemployment Claims are also due at 15:30, expected at 218K from a prior 215K. Fed’s Williams speaks again at 19:05.
May 31, Friday, begins with a speech by Fed’s Logan at midnight. Key data points include the Core Personal Consumption Expenditures Price Index, previously at 2.8%. The day also sees ETC halving and OP unlockings worth $79 million.
June 1, Saturday, features substantial unlockings for 1INCH ($41.5 million), DYDX ($69.9 million), SUI ($68 million), and ENA ($48 million).
Key Insights for Investors
Here are actionable insights for investors:
- Monitor PCE data closely; it’s the week’s crucial agenda.
- GDP figures might stabilize or disrupt economic concerns.
- Fed member speeches could sway market sentiment.
- Significant cryptocurrency unlockings may affect specific token prices.
Conclusion
As the week progresses, investors should stay vigilant of economic data and Fed communications that could sway cryptocurrency markets. Unlockings and key events will also play a significant role in shaping price movements.