As we do every week, today we share important developments that will affect cryptocurrencies in the coming week. The potential impacts of major developments on prices can be predictable, and it is possible to prepare accordingly. The upcoming week is full of significant developments for the cryptocurrency markets, and volatility may increase.
We have entered the Federal Reserve (Fed) week, and since the interest rate decisions have not changed in the last few meetings, there has been no impact on the market. However, an unexpected change in tone or an excessively hawkish stance could negatively affect prices. The employment data that came out on Friday was of the kind that could upset Fed members. We are in a week where we need to be vigilant against the data coming in the following days.
Throughout this week, specific developments for altcoins, such as GLMR Lock Opening and Chainlink Public Staking V0.2, could positively affect prices. On Monday and Tuesday, important economic data, such as the US core CPI and APT Lock Opening, will be followed. Tension in the market is expected to rise until Tuesday, and depending on the situation, it would not be surprising to see a drop with heavy profit-selling on Wednesday.
Wednesday’s Fed interest rate decision and long-term interest rate forecasts will be critical for the markets. Also, the dot plot, which will show whether Fed members really expect a 100 basis point cut next year as the market expects, will be released at this meeting.
Market participants, especially those involved with cryptocurrencies, must be aware of the high volatility and risk they carry and should make their transactions based on their own research. This information, which is not intended as investment advice, serves as a reminder for investors to be cautious.