Bitcoin halving took place and the sudden drop that crypto investors anticipated did not start. Recent sales might have addressed this expectation. As of this writing, Bitcoin is finding buyers at $65,000, and altcoins have started the day on the rise. However, several important developments expected next week could affect cryptocurrencies both positively and negatively. So, what should crypto investors expect?
Important Developments in Cryptocurrencies
As every Sunday, today we have compiled all the important developments that could impact the crypto market in the next 7 days for COINTURK readers. From key openings to crypto lawsuits and macroeconomic developments, you can find every detail here. After the halving event, even more significant days are beginning.
Monday, April 22
- Ripple Case (Response to the SEC)
- ID Unlock ($15.8 Million)
- CTSI ($4.65 Million)
Tuesday, April 23
- 16:45 US Manufacturing PMI (Expected: 52 Previous: 51.9)
- 23:05 Tesla Earnings Report
- Money20/20 Asia Event (April 23-25)
Thursday, April 25
- 00:00 META Earnings Report
- 14:00 Turkish Central Bank Interest Decision (Expected: 50% Previous: 50%)
- 15:30 US GDP (Expected: 3% Previous: 1.7%)
- 15:30 US Unemployment Claims (Expected: 215K Previous: 212K)
- 23:05 Microsoft Earnings Report
- 23:30 Alphabet Earnings Report
Friday, April 26
- 15:30 US Core Personal Consumption Expenditures (Expected: 2.7% Previous: 2.8%)
Cryptocurrency Predictions
Ripple lawyers will take action at the beginning of the week and respond to the SEC. In early May, the SEC will present its objections to this response. The case is nearing its end. It could be a volatile day for XRP Coin. The arguments from Ripple’s side and the details about their financial situation to pay a billion-dollar fine will be closely watched.
Starting Tuesday, major companies will publish their earnings reports. The Tesla earnings report is particularly significant due to its BTC holdings. On Thursday, we’ll learn how many billions of dollars META has spent on its metaverse targets this quarter. Friday will be the most important day on the macroeconomic front. The PCE data will be released on Friday, and it’s a key indicator closely watched by the Fed. If it exceeds expectations, we might fully see the optimism about inflation being undercut. There might be some flight to safety excited by the data.
