The cryptocurrency market is poised for a potentially tumultuous week, with investors anticipating heightened volatility. At the time of reporting, Bitcoin is maintaining its position around $69,000, while altcoins appear ready to initiate significant rallies. Yet, the forthcoming week’s events hold the potential to sway cryptocurrency prices in either direction.
Key Cryptocurrency Events Last Week
Reflecting on last Sunday, March 3, we remember the pivotal moment when U.S. macroeconomic data propelled Bitcoin towards the $70,000 milestone. Regular updates on Sundays have become a staple for COINTURK readers, equipping them with insights to navigate the upcoming week. As the bull market intensifies, staying informed has never been more critical, especially for those seeking short-term trading strategies.
Upcoming Weekly Schedule Highlights
The cessation of the Federal Reserve’s Bank Term Funding Program (BTFP) on Monday could be a precursor to bank failures, especially among local and mid-sized institutions, as suggested by Powell recently. Additionally, ‘inflation week’ is upon us, and unexpected inflation data could trigger swift crypto sell-offs, mirroring the Fed’s previous neglect of January figures.
Key events such as the Ethereum Dencun Upgrade and the unlocking of $2.1 billion in Arbitrum on Saturday are closely watched. These events might significantly influence Ethereum’s price, especially since the Arbitrum unlocking represents a substantial portion of its circulating supply. A negative market sentiment coinciding with this could lead to impactful market movements.
In summary, the coming days are filled with pivotal moments for cryptocurrency enthusiasts and investors. From liquidity shifts to inflation reports and major upgrades, each day holds the potential to notably impact the ever-changing landscape of digital currencies.