As always in this market, we will discuss the important developments of the coming week. Many important events took place last week, and all of these events had significant effects on prices. So, what surprises are waiting for investors in the next 7 days?
Sticking to the calendar in both the macro and crypto sectors can provide investors with significant gains. It is possible to predict events that will trigger volatility in advance. Of course, being prepared for these events is also important. Let’s quickly take a look at what awaits us in the next 7 days. Access COINTURK FINANCE to get the latest financial and business news.
On Monday, November 26, construction permits and new home sales data will be announced in the US. In addition, LOOKS and YGG, whose lock-up period will expire, will release locked assets worth $4 million and $6.1 million, respectively. On Tuesday, November 28, the US Consumer Confidence Index, speeches by Fed members, and the locked assets of AGIX and DYDX, totaling $10 million, will draw attention.
On Wednesday, November 29, US GDP data is expected. On Thursday, November 30, US personal consumption expenditure and unemployment claims data, as well as speeches by Fed members, will be important for the markets. In addition, OP’s locked assets worth $44.4 million will be released. On Friday, December 1, Fed/Barr’s speech and the release of 1INCH’s locked assets worth $35.7 million will be on the agenda.
Investors should pay attention to many lock-up expiration events this week and keep in mind that additional declines may occur in altcoins if BTC performs poorly. The personal consumption expenditure data, especially if the downward trend in inflation continues, can cause significant movements in the markets with a figure above expectations. The tone of the statements by Fed members will also be extremely important. They may make comments suggesting that interest rate cuts may start later than expected and continue to convey their intentions with sentences implying a longer tightening period. If this intention is weakened, it will be positive. You can follow Powell’s and other Fed members’ statements in real time on COINTURK.