Just like every Sunday, today we discuss the significant developments that will take place in the upcoming 7 days. Around this time last week, we had written about an expected increase in volatility before Bitcoin‘s rapid decline. As anticipated, due to inflation data and Fed decisions, the scenario unfolded with BTC‘s price dropping to around 40,000 dollars, while altcoins experienced double-digit losses.
In the week that concluded with the Fed’s statements, volatility significantly increased. Fortunately, the Fed’s statements were close to expectations and did not greatly shake the markets. There was no excessively hawkish stance, and the latest inflation data was relatively positive. So, what developments will drive the markets in the next 7 days?
Monday and Tuesday seem to be relatively calm days. On Wednesday, if Polygon announces exciting news, we might see an increase in prices, or perhaps investors may start buying in anticipation of this news. Thursday is quite significant for TRY pairs with the CBRT interest rate decision; a figure above 42.5% could lead to short-term declines. Unemployment insurance claims are important for employment, and a figure above expectations could positively affect cryptocurrencies.
Friday is the most critical day of the week, and a continued decline is expected in the PCE data. This crucial data will clarify the Fed’s stance in fighting inflation.
*Monday (December 25) is the last day to claim compensation for the Balancer (BAL) hack.
