Every Sunday, we discuss important developments affecting cryptocurrencies in the coming days. These events, shared with time and date details, often trigger price volatility. Investors can benefit from these fluctuations by preparing for major events. So, what awaits investors in the next 7 days?
Important Cryptocurrency Developments
We have reached the last day of the week and experienced quite busy days. On Monday, the SEC’s 180-degree turn on the spot ETH ETF caused the altcoin king to increase by 20%. BTC surpassed $71,000, and we saw upward movements in altcoins in general. In the coming days, many important events will affect cryptocurrency investors. Let’s take a look at the events awaiting investors with time and date details.
May 27, Monday
- US Markets Holiday
- 20:45 Fed/Williams Speech
- FLOKI Announcement
- Solana V1.18
- YGG Unlocking ($8.2 Million)
May 28, Tuesday
- 07:55 Fed/Mester and Bowman
- 16:55 Fed/Kashkari
- 20:05 Fed/Cook
- UK BTC and ETH ETP Listings
May 29, Wednesday
- 20:45 Fed/Williams Speech
- 21:00 Fed Beige Book
- Consensus Coindesk Event
- Bitcoin Seoul Conference
May 30, Thursday
- 15:30 US Gross Domestic Product (GDP) (Expectation: 3.1% Previous: 1.7%)
- 15:30 US Unemployment Claims (Expectation: 218K Previous: 215K)
- 19:05 Fed/Williams
May 31, Friday
- 00:00 Fed/Logan
- 15:30 Core Personal Consumption Expenditures Price Index (Previous: 2.8%)
- ETC Halving
- OP ($79 Million)
June 1, Saturday
- 1INCH ($41.5 Million)
- DYDX ($69.9 Million)
- SUI ($68 Million)
- ENA ($48 Million)
Cryptocurrency Predictions
The Personal Consumption Expenditures data will be the most important agenda item this week. On the other hand, GDP figures triggered significant volatility last month, so data within expectations could balance economic concerns. If GDP comes in normal, the story of the Fed’s struggle with inflation while the economy contracts ends, which would be positive for crypto.
On the other hand, statements from Fed members throughout the week and unlockings could also affect prices.
