Bitcoin (BTC) is now at a much more critical point, and every detail will be extremely important in the coming days. Volatility may continue to rise. As every Sunday, today we at COINTURK are discussing the important developments that will take place over the next 7 days. What happens on the macroeconomic front, key events in crypto, and much more have the potential to trigger big price movements this week.
Crypto Currencies: Significant Developments
Bitcoin price was at $61,970 at the time of writing, and altcoins have made double-digit gains. The rapid price increases are boosting risk appetite as BTC closes at higher levels. So, what important developments will occur in the coming days?
Monday, March 4
- 19:00 Fed/Harker Speech
- HFT Coin Announcement
Tuesday, March 5
- 17:45 US Service PMI (Expectation: 51.3 Previous: 52.5)
- 18:00 ISM PMI (Expectation: 52.9 Previous: 53.4)
- 20:00-23:00 Fed/Barr
- Fidelity Ethereum ETF Second Decision Date
- Fetch (FET) Announcement
- FIL and SUI Listing (Binance Japan)
- GAL Unlocking ($6.94 Million)
Wednesday, March 6
- 16:15 ADP Non-Farm Employment Change (Expectation: 145K Previous: 107K)
- 18:00 Powell Speech
- 18:00 US JOLTS (Expectation: 8.895M Previous: 9.026M)
- 20:00 Fed/Daly
- 22:00 Fed Beige Book
- Frax Finance Airdrop Snapshot
- Avalanche‘s Durango Update
Thursday, March 7
- 16:15 European Central Bank Interest Rate Decision (Expectation: Steady)
- 16:30 Unemployment Claims (Expectation: 212K Previous: 215K)
- 18:00 Fed/Powell
- 19:30 Fed/Mester
- OP Goerli Stopping
- Axie Guild Update
- Polygon (MATIC) Mainnet Update
- HFT Unlocking ($7 Million)
Friday, March 8
- 15:00 Fed/Williams
- 16:30 US Average Hourly Earnings (Expectation: 0.2% Previous: 0.6%)
- 16:30 US Non-Farm Employment (Expectation: 190K Previous: 317K)
- 16:30 US Unemployment Rate (Expectation: 3.7% Previous: 3.7%)
Sunday, March 10
- iShares (Blackrock) Ethereum ETF Second Decision Date
Note: There is an Ethereum Dencun update on March 13. On the same day, there will be a $300 million APT unlocking.
Crypto Currencies to Watch
The macroeconomic data coming on Friday will reflect key indicators such as employment and wage growth for February. The JOLTS and ADP data on Wednesday will be considered leading signals for Friday’s data, and if the former comes in poorly, it will fuel concerns for the latter, potentially leading to a decline in cryptocurrencies.
This week, statements by Powell and other members will also be very important. Additionally, March 13 is a critical date that is approaching. With ETF decisions for Ethereum and the upcoming Dencun update, we are being told that volatility could increase even further.
