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As with every week, we are examining the important developments for cryptocurrencies over the next 7 days. These developments often trigger volatility, so investors need to be prepared for price fluctuations. We saw the most recent example of this just hours before BTC reached its ATH, with data that came in.
Important Developments for Crypto Investors
This week is also quite exciting for crypto investors. In the coming days, there is a Fed meeting, and the statements by Powell will be closely followed by all markets. On the other hand, the possibility of increased volatility as Bitcoin has retreated from its peak of $73,777 to the $66,000 region could trigger a new major move.
Monday, March 18
- 13:00 European Inflation (Expectation: 3.1%, Previous: 3.3%)
- NVIDIA AI Conference
- Token2049 Dubai Event
- 21:00-21:50 Near Protocol Co-Founder Polosukhin to Speak at NVIDIA AI Event
- MANTA Unlocking ($20.8 Million)
Tuesday, March 19
- PIXEL Unlocking ($40.3 Million)
Wednesday, March 20
- 21:00 Fed Interest Rate Decision (Expectation: Steady)
- 21:00 Fed Annual Interest Rate Forecasts (Previous: 1 Year: 4.6% & 2 Year: 3.6%)
- 21:30 Powell’s Statements
Thursday, March 21
- 12:00 CBRT Interest Rate Decision (Previous: 45%)
- 15:30 US Unemployment Claims (Expectation: 214K, Previous: 209K)
- 16:45 US Manufacturing and Service PMI (Expectation: 51.8 and 52)
- 19:00 Fed Barr to Speak
- 01:00-01:50 Render Network CEO Urbach to Speak at NVIDIA AI Event
Friday, March 22
- 16:00 Powell to Speak
- IMX Unlocking ($98.1 Million)
- ID Unlocking ($127.9 Million)
- 20:00 Fed/Barr and 23:00 Fed/Bostic Statements
Sunday, March 24
- VanEck Ethereum ETF Third Decision Date
What to Watch Out For?
The most important agenda item of the week will be the statements made by Powell. If we see hawkish statements, we may witness accelerated selling in the markets. On the other hand, significant announcements could have been prepared by NEAR and RNDR for the NVIDIA event. Everyone’s eyes will be on this event, and we could see price increases in AI tokens (NEAR and RNDR could be more in focus) at least due to expectations.
On Sunday, the third decisions for the VanEck and Ark Spot Ethereum ETFs will come. These could be announced earlier the same day.
