In a recent video, Powell drew attention to Trump’s persistent pressures, setting the stage for a rapid start to the week. This week promises significant developments that will heavily influence cryptocurrency charts. As always, we delve into the crucial events awaiting cryptocurrency enthusiasts.
Key Developments of the Week
The Supreme Court has postponed its tariff decision to this week, and the inflation report is also expected in the coming days. If the Supreme Court announces its decision, this could be the most significant week of January. Trump’s aggressive actions against the independence of institutions, especially regarding the Fed, along with the chaos caused by Immigration and Customs Enforcement (ICE) and looming elections, are considerably impacting risk markets.
So, what significant developments are expected in the markets in the coming days?
January 12, Monday
- 20:30 Fed/Bostic Speech
- 20:45 Fed/Barkin
- Qtum (QTUM) Hard Fork
January 13, Tuesday
- 02:00 Fed/Williams
- 16:30 US CPI Yearly (Expected and Previous: 2.7%)
- 16:30 US Core Consumer Price Index Yearly (Expected: 2.7% Previous: 2.6%)
- 16:30 JPMorgan Earnings Report
- 18:00 Fed/Musalem
January 14, Wednesday
- 00:00 Fed/Barkin
- 14:45 Bank of America and Wells Fargo Earnings Report
- 16:30 US Retail Sales Monthly (Expected: 0.5% Previous: 0)
- 16:30 US PPI Yearly (Expected and Previous: 2.7%)
- 16:30 US Core PPI Yearly (Expected: 2.7% Previous: 2.6%)
- 17:50 Fed/Paulson
- 18:00 US Supreme Court Tariff Decision
- 18:00 Fed/Miran
- 20:00 Fed Bostic and Kashkari Speech
- 22:10 Fed/Williams
- Mantle (MNT) Mainnet V1.4.2
January 15, Thursday
- 02:50 Japan PPI Yearly (Expected: 2.4% Previous: 2.7%)
- 14:00 BlackRock Earnings Report
- 15:30 Goldman Sachs Earnings Report
- 16:30 US Initial Jobless Claims (Expected: 215K Previous: 208K)
- 16:35 Fed/Bostic
- 17:15 Fed/Barr
- 20:40 Fed/Barkin
- Starknet (STRK) Unlock (4.83% of Supply)
- SEI Unlock (1.05% of Supply)
- BitMine Investor Meeting (Largest ETH Reserve Company)
January 16, Friday
- 19:00 Fed/Bowman
- 23:30 Fed/Jefferson
- ARB Unlock (1.86% of Supply)
Points of Concern
Last week, the potential tariff decision by the Supreme Court caused notable volatility, and this week will be no different. Due to the government shutdown, December’s inflation reports were deemed unreliable, so this week’s inflation data is crucial for providing an updated economic status.
Powell’s public grievances against Trump signal volatility, and if such developments continue, assets like gold and silver may rise while cryptocurrency faces pricing risks. Recall that last year, when Trump attempted to remove Powell and later hawkish Fed member Bostic, we witnessed significant declines.
