As with every Sunday, today we will discuss developments concerning crypto for the next 7 days. Last week saw significant volatility with the Fed meeting and the release of numerous data. Those who set their watches were aware of the future volatility, thus they had the opportunity to act more cautiously. So, what will happen next week?
Significant Events in Cryptocurrencies
Next week, we will see the Fed‘s comments on the markets. Statements by members will be closely monitored by the markets. Besides, after a long break, spot Bitcoin ETFs had a fantastic close on Friday. If Monday sees strong and clear entries, we could witness a multiplied increase in risk appetite. Now that Bitcoin has rebounded, if demand in the ETF channel also starts a steady movement from bottom to top, it will be decisive for this market.
So, what major developments will we see over the next 7 days? Here is the complete list of important events with day and time details.
Monday, May 6
- 19:50 FOMC/Barkin Will Speak
- 20:00 FOMC/Williams
- SEC Will Respond to Ripple’s Appeals
- ZERO Token to Be Listed on Central Exchanges.
- MAVIA Unlocking ($30.4 Million)
Tuesday, May 7
- 15:55 Fed Red Book
- 18:30 FOMC Member Kashkari Will Speak
- HFT Unlocking ($4.2 Million)
Wednesday, May 8
- 10:00 European Central Bank Policy Meeting
- 18:00 Fed/Jefferson
- 20:30 Fed/Cook
- Horizen New Token Voting
Thursday, May 9
- 10:30 TCMB Inflation Report
- 15:30 US Unemployment Benefits Claims (Expectation: 211K Previous: 208K)
- Bitcoin Asia Event
Friday, May 10
- 16:00 Fed/Bowman
- 17:00 Michigan Expectations
- 19:45-20:30 Fed/Goolsbee and Barr
- Solana’s Community Event
Saturday, May 11
- Starknet Lagos Event
What Awaits Investors?
Crypto investors are facing a relatively calm week on the macro front. Comments from Fed members can positively/negatively influence morale and motivation. Additionally, the tone, dosage, and magnitude of the SEC’s response to Ripple’s appeal will be very important. On the ETF front, data will be crucial and during this relatively calm week, we might see hours when the bulls breathe easily.
As of the time this article was prepared, the Bitcoin price stands at $64,200.
