Bitcoin (BTC) price sharply fell to $60,600 13 hours ago due to the escalating Middle East tensions. Investors quickly turned to selling amid fears of a larger regional conflict. However, for now, the situation seems to have calmed, and BTC has reclaimed the $64,000 level. This significant correction before the halving was a surprise, but what will happen next week?
Key Developments in Cryptocurrencies
As every Sunday, today we compile the critical developments for the coming 7 days. These events have caused volatility numerous times, so being prepared by understanding the schedule can give investors an advantage.
Monday, April 15
- 09:30 Fed/Logan to Speak
- 12:00 IMF Meeting (All Week)
- 15:30 US Core Retail Sales (Expectation: 0.5% Previous: 0.3%)
- 15:30 US Retail Sales (Monthly) (Expectation: 0.4% Previous: 0.6%)
- 15:30 Fed/Williams
- GMT Announcement
- STRK Unlocking ($93.4 Million)
- Stacks (STX) Nakamoto Upgrade
Tuesday, April 16
- 03:00 Fed/Daly
- 20:00 Fed/Barkin
- 20:15 Fed/Powell
- VANRY, OM, and ERN Announcements
- Ripple and SEC Settlement Conference
- ARB Unlocking ($102.9 Million)
- DYDX ($4.4 Million)
Wednesday, April 17
- 12:00 EU Core CPI (Expectation: 2.9% Previous: 3.1%)
- 13:00 European Leaders Summit
- APE Unlocking ($18.7 Million)
- RNDR ($6 Million)
- AXS ($78.1 Million)
- Cronos v1.2 Upgrade
Thursday, April 18
- 00:30 Fed/Mester
- 01:30 Fed/Bowman
- 15:30 US Unemployment Claims (Expectation: 214K Previous: 211K)
- 16:15 Fed/Bowman and Williams to Speak
- 18:00 Fed/Bostic
- Manta Unlocking ($44.8 Million)
Friday, April 19
- 00:45 Fed/Bostic to Speak
- IMX Unlocking ($73 Million)
Saturday, April 20
- ETH Dubai
- DOGE Day
Cryptocurrency Expectations
Although the war agenda has caused significant turmoil in the crypto market, the waters seem to have calmed for now. The main focus for the upcoming week on the macroeconomic front will be the statements from Federal Reserve members. Powell and other Fed members will adopt a clear stance regarding the latest inflation data. The persistently poor inflation figures have significantly dulled the optimism in interest rate cuts.
Altcoin unlocking events could lead to negativity in the related cryptocurrencies throughout the week. As this article is being prepared, BTC is above $64,000, but most cryptocurrencies are continuing the day with losses over 5%.
