As with every week, today we are discussing the important developments awaiting crypto investors. The fluctuation in Bitcoin prices continues, and the end of the stagnant movement that has been ongoing for 4 days is expected. But what will be the trigger for this? What should investors expect in the coming days?
Crypto Currencies Significant Developments
On Wednesday, the Fed interest rate decision was announced, and the most important detail in Powell’s remarks was the significance of future data. From this perspective, the impact of upcoming macroeconomic data on risk markets has significantly increased. Now, let’s look at what awaits us next week.
Monday, March 25
- 15:15 Fed/Bostic to Speak
- 17:30 Fed/Cook
- SEC and Terra Hearing
Tuesday, March 26
- 15:30 US Core Durable Goods Orders (Previous: -0.3%)
- 17:00 US CB Consumer Confidence (Previous: 106.7)
- WAX and Civic to Make Announcements
- Ethereum‘s Shanghai Upgrade coming to Immutable zkEVM.
- Decentraland Art Week (March 26-29)
- CRO Titan Upgrade
Wednesday, March 27
- YGG Unlocking (14.9 Million $)
- 02:15 Robinhood to Make Announcement
- BUIDL Asia Event
Thursday, March 28
- 01:00 Fed/Waller
- 15:30 US Continuing Unemployment Insurance Claims (Previous: 1.807K)
- 15:30 US Gross Domestic Product (GDP) (Expectation: 3.2%)
- 15:30 Unemployment Benefits Claims (Expectation: 213K Previous: 210K)
- SBF’s Prison Sentence to Be Determined (Prosecutors’ request 40-50 years)
- AGIX Unlocking (9.06 Million $)
Friday, March 29
- US Markets Closed
- 15:30 Core Personal Consumption Expenditures (Previous: 0.4%)
- 18:30 Powell to Speak
- PRIME Unlocking (40.5 Million $)
- OP Unlocking (82.1 Million $)
Crypto Currencies Commentary
Monday is relatively calm, but what we hear at the Terra hearing could move the prices of LUNA and related tokens. We will learn what the US plans to do regarding Do Kwon, who is currently under house arrest. Developments specific to altcoins on Tuesday could affect prices.
Wednesday’s announcement by Robinhood is a matter of curiosity; if it’s related to cryptocurrencies, it could trigger medium to small-scale movements. On Thursday, important data about the US economy will be released. These data could trigger a spike in volatility. On Friday, the Core Personal Consumption Expenditures data will be closely watched for the current state of the fight against inflation.
