COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Imminent Decisive Moments! 3 Significant Events Today to Determine the Fate of Cryptocurrency!
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Imminent Decisive Moments! 3 Significant Events Today to Determine the Fate of Cryptocurrency!
Bitcoin (BTC)Cryptocurrency NewsNews

Imminent Decisive Moments! 3 Significant Events Today to Determine the Fate of Cryptocurrency!

In Brief

  • Two pivotal days this week for cryptocurrency enthusiasts. The initial occurrence transpired on Wednesday. Federal Reserve day proved neither favorable nor unfavorable as anticipated. For the first time, an approaching interest rate cap announcement was hinted at. Nevertheless, today promises to be as crucial as when the Fed resolutions were disclosed. What lies ahead for […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Two pivotal days this week for cryptocurrency enthusiasts. The initial occurrence transpired on Wednesday. Federal Reserve day proved neither favorable nor unfavorable as anticipated. For the first time, an approaching interest rate cap announcement was hinted at. Nevertheless, today promises to be as crucial as when the Fed resolutions were disclosed. What lies ahead for investors?

Contents
Notable Cryptocurrency DevelopmentsWhat is the desired data outcome?US Banks in Challenging Circumstances

Notable Cryptocurrency Developments

Friday, May 5th is upon us. The Fed Chairman, on Wednesday evening, expressed that hourly wages and employment statistics would be under close scrutiny. Consequently, the data to be unveiled in roughly 13.5 hours carries critical significance. This accounts for the diminished volume in Bitcoin‘s valuation. Investors endeavor to mitigate risk by adapting their positions in accordance with impending information. So, which data will be disclosed today?

  • 15:30 US Average Hourly Earnings (Projection: 0.3%)
  • 15:30 US Non-Farm Payrolls (Projection: 180K Prior: 236K)
  • 15:30 US Unemployment Rate (Projected: 3.6% Prior: 3.5%)

At 20:00 this evening, Fed member Cook is scheduled to speak. Post-data release, US markets will commence trading at 16:30. As a result of Apple’s favorable earnings report, the stock market is predicted to exhibit a positive opening today. Should the data fulfill expectations, we may witness an expeditious ascension in cryptocurrencies around 17:00. However, unfavorable data could yield an adverse outcome.

What is the desired data outcome?

  • Average Hourly Earnings: If earnings escalate, expenditure follows suit, and in a demand-driven inflationary climate, this is contrary to the Fed’s desires. The optimal scenario? Hourly wages should have increased at or beneath projections. A sub-0.3 increase would bode well for Bitcoin, while any rise exceeding this could provide the Fed with pretext to insinuate readiness for further rate hikes.
  • Non-Farm Payrolls: The ADP exceeded expectations, prompting a $500 decline in Bitcoin value. As a forerunner, this data suggests a higher-than-expected TDI announcement. Should this not occur this month, the subsequent month will likely reveal an above-expectation announcement. Generally, ADP serves as a leading indicator for TDI. Weaker employment is necessary, and the Fed perceives robust employment as a hindrance in combating inflation. Conversely, strong data is required to mitigate recession risks. For cryptocurrency investors, data below 180K will be favorable. Additionally, a figure lower than the previous month (236K) may be deemed the lesser of two evils.
  • Unemployment Rate: A Bitcoin surge necessitates this data exceeding expectations. A surprise increase could lead to a Bitcoin price hike.

US Banks in Challenging Circumstances

Although less significant than the forthcoming crucial data, investors should monitor small and medium-sized bank stocks upon the stock market’s 16:30 opening. We will provide real-time updates as data is revealed, during stock market commencement, and throughout critical events. Increased price volatility will prompt site visitations for pertinent information.

Interest rates have attained 5-5.25%, with the Fed’s ceiling target at 5.75%; however, credit tightening resulting from the banking crisis is causing an equivalent 25-50bp increase (potentially more). Should the banking crisis persist while the Fed remains vigilant, a June rate ceiling announcement may be issued to placate markets. In this scenario, shortly prior to the meeting, the market (particularly cryptocurrency) begins pricing in the most favorable outcome, as has frequently transpired in the past.

Is the situation genuinely unfavorable? In truth, we must examine empirical data rather than fanciful notions. Herein, observe the substantial losses incurred by several prominent banks’ shares within the past week. The initial pair of banks are purportedly engaged in negotiations for sale, as asserted by mainstream media.

  • PacWest (PACW): -70.64%
  • Western Alliance (WAL): -52%
  • HomeStreet (HMST): -42.57%
  • First Horizon (FHN): -42.51%
  • Metropolitan Bank (MCB): -37%
  • First Foundation (FFWM): -34%
  • Zions (ZION): -24%
  • Comerica (CMA): -23.7%
  • WesBanco (WSBC): -20.4%
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Geopolitical Events Redirect Cryptocurrency Dynamics

Bitcoin and MKR Coin Take Center Stage: Summer Price Targets and Critical Events

Bitcoin Holds Strong at Six Figures Despite Market Volatility

IG Group Breaks Barriers with Crypto Trading Access for Individual Investors

Strategy’s Bold Moves in Bitcoin Surge to New Heights

COINTURK NEWS 5 May, 2023 - 9:55 am 5 May, 2023 - 9:47 am
Share This Article
Facebook Twitter
Share
Previous Article What is Aptos (APT) Token?
Next Article What Is Hooked Protocol (HOOK) Coin?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Crytocurrency Predictions: Solana, Chiliz, and CEEK’s Future Unveiled
Altcoin News
Get Excited: Crypto Markets Battle Through Economic Turmoil
Economy
Powell’s Unexpected Remarks Engage Economists After Trump Meeting
Economy
Geopolitical Events Redirect Cryptocurrency Dynamics
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?