Every Sunday, significant developments in the cryptocurrency world for the upcoming week are discussed and shared. These events are examined with their dates, times, and possible market impacts, contributing to the price volatility. Being prepared for these crucial events is beneficial for investors.
What Events to Watch This Week?
What important developments will crypto investors see in the week of June 17-23? What new events await investors in the coming period?
On Monday, June 17, the events include a speech by the European Central Bank President at 11:00, followed by various speeches from Fed members throughout the day. Key occurrences like the APE token unlocking valued at $16.2 million and the CHZ Coin Dragon8 hard fork are slated. Additionally, Binance will delist XEM, WAVES, and OMG coins.
Tuesday, June 18, will feature more Fed member speeches and crucial economic data releases like European inflation and US core retail sales figures. Notable token events involve MANTA Coin, valued at $8.33 million. The day ends with insights from several Fed officials.
How Will These Impact Markets?
Wednesday, June 19, is a notable US holiday, but PIXEL coin activities, valued at $19.3 million, will proceed. Thursday, June 20, will be highlighted by jobless claims data. On Friday, June 21, key economic indicators such as US manufacturing and services PMI will be released, along with the Fed’s monetary policy report at 18:00.
Investor Takeaways
Investors should monitor the following:
- Fed’s semi-annual report on Friday for critical economic insights.
- Speeches from various Fed officials throughout the week for clues on future policies.
- Market reactions during the US holiday on Wednesday for potential volatility.
- Key economic indicators like jobless claims and PMI data for market sentiment shifts.
On Friday, the Fed’s monetary policy report will provide economic insights to Congress, which may affect risk markets. Additionally, statements from Fed members throughout the week will be closely monitored to understand the concerns that led to an upward revision in the 3-year interest rate forecast.
With US markets on holiday on Wednesday, crypto investors will navigate the market independently, potentially leading to volatility based on earlier week events.