After experiencing a brief respite, Bitcoin has again slipped below the critical $70,000 mark, leaving investors uneasy as it hovers near $68,000. This recent shift has sparked curiosity regarding the future trajectory of the cryptocurrency sector. What are the crucial upcoming events that investors should anticipate?
What Key Events are Occurring This Week?
Bitcoin is endeavoring to cling to the $67,000 threshold. While it hasn’t dropped drastically, altcoins have retreated to their support levels, adding to the market strain. This week is pivotal for U.S. employment data, with other vital occurrences set to shape market dynamics. Notably, the Supreme Court will soon deliver its decision on tariffs, scheduled for February 20th.
What is Expected on February 11, Wednesday?
Critical data points and events are slated for Wednesday. At 16:30, the U.S. unemployment rate will be disclosed, maintaining expectations at 4.4%. Concurrently, non-farm payroll numbers, estimated at 65,000, will be announced alongside average yearly earnings projected at 3.7%. Furthermore, key figures from the Federal Reserve are set to speak during the afternoon, including talks from Schmid and Bowman. Significant cryptocurrency events include the 2026 XRP Community Day and AVAX unlocking, releasing 0.32% of its circulating supply.
On February 12, more significant updates follow. Fed’s Hammack will deliver a speech at midnight, with Japan’s PPI report out early morning, predicting a 2.3% rise. U.S. initial unemployment claims will be reported later, expected at 224,000.
Friday features prominent voices from the Fed, Logan and Miran, speaking early. The day turns its attention to inflation data at 16:30, with annual CPI forecasts pegged at 2.5%.
February 15, Sunday, will spotlight the release of STRK tokens, accounting for 4.61% of the available supply.
The week’s pivotal days have commenced. We will see a succession of employment and inflation reports being unveiled. Due to a limited government shutdown, employment data, initially delayed, is now being released. On Friday, inflation reports will be broadcast. Last month’s robust employment figures have placed brakes on Fed interest rate cuts, effortlessly pausing such cuts at the year’s start.
• If employment figures remain strong, interest rate reductions could be delayed until mid-year.
• Such a delay could place downward pressure on cryptocurrency prices.
• The following interest rate decision is expected in 35 days.
“We believe that maintaining interest rates while monitoring both employment and inflation will serve pivotal in deciding future cuts,” said a spokesperson. Interpreting these developments will be crucial, as they hold the potential to sway the market’s direction significantly. Cryptocurrency markets remain under scrutiny as they grapple with economic shifts and policy decisions.
