Bitcoin 
$77,690 briefly climbed over $92,000, hitting a new low at $87,719 within the last 24 hours. This level of volatility has been distressing for investors, triggering liquidations of nearly half a billion dollars even over the weekend. But what lies ahead for cryptocurrency investors as we move through the remaining hours and days of the week?
Significant Developments in Cryptocurrency
Each week, we share upcoming crucial developments for cryptocurrency investors in detail. This weekly calendar aims to help you anticipate possible volatile days and times to be well-prepared. We have entered Fed week. Powell and his team are set to announce the final interest rate decision of the year, likely continuing the monetary easing series with a third rate cut.
The main focus will be on whether Powell will make dovish statements consistent with the end of the QT on December 1st. Let’s quickly glance at what’s in store for us.
December 8, Monday
- 19:00 NY Fed Inflation Expectations
December 9, Tuesday
- 18:00 U.S. JOLTS (Expectation: 7.15M Previous: 7.227M)
- Horizen (ZEN) BASE Network Launch
December 10, Wednesday
- 22:00 Fed Interest Rate Decision (Expectation: 25bp Cut)
- 22:00 FOMC Economic Projection Summary
- 22:00 Fed Median Rate Forecast (Next 3 Years) (Expectation & Previous: 3.125%)
- 22:00 Fed Median Rate Forecast (Next Year) (Expectation: 3.375%)
- 22:00 Fed Median Rate Forecast (Next 2 Years) (Expectation: 3.125%)
- 22:00 Fed Median Rate Forecast (Long Term) (Expectation: 3.125% Previous: 3%)
- 22:30 Fed Chairman Powell’s Statements
- LINEA Unlocking (6.76%)
- Aster Buyback
December 11, Thursday
- 14:00 CBRT Interest Rate Decision (Expectation: 38.25% Previous: 39.5%)
- 16:30 U.S. Initial Jobless Claims (Expectation: 220K Previous: 191K)
- 18:00 Nvidia Senate Bill (POSSIBLE)
- DogeCON 2925
- APT Unlocking (0.96%)
- Solana
$86 Breakpoint
December 12, Friday
- 16:00 Fed Paulson Will Speak
- 16:30 Fed Hammack
- 18:35 Fed Goolsbee
- Penguin’s special edition physical collection product will be released.
December 14, Sunday
- TAO Halving
Points to Consider
The Fed will share its interest rate projection as per its quarterly routine with this week’s decision. Expectations for the upcoming year will be closely monitored. Powell’s tone in his comments is crucial, specifically regarding his remarks about the coming year, monetary expansion will be under close watch.
Cryptocurrencies generally exhibit high volatility during Fed weeks, so it is likely that we will see significant movements in both directions over these three days.
