Türkçe
Español
As with every Sunday, today we will discuss the important developments that will occur over the next 7 days. We have seen the consequences of these developments, which have indicated volatility increases, declines, and rises countless times in the past. Being prepared for potential movements always puts investors one step ahead and spares them the need to investigate the cause of the volatility while it persists.
Cryptocurrency Significant Developments
This week will also see developments that will affect cryptocurrencies. Key unlocks, macroeconomic data releases, and much more. We are about halfway through February. It has been exactly one month since last month’s peak, and the Bitcoin price is once again above $48,400. Perhaps in the coming hours or this week, it will reach new highs?
Monday, February 12
- 17:20 Fed/Bowman
- 20:00/21:00 Fed/Barkin and Kashkari
Tuesday, February 13
- 16:30 US CPI (Expectation: 2.9% Previous: 3.4%)
- 16:30 US Core CPI (3.7% Previous: 3.9%)
- Avalanche‘s Durango Upgrade
Wednesday, February 14
- CYBER Token Unlock ($17.9 Million)
- SAND Token Unlock ($97.84 Million)
Thursday, February 15
- 00:00 Fed/Barr
- 16:30 Unemployment Claims (Expectation: 220K Previous: 218K)
Friday, February 16
- 03:00 Fed/Bostic
- 16:30 US Core PPI (Expectation: 1.7% Previous: 1.8%)
- 20:10 Fed/Daly
Saturday, February 17
- APE Token Unlock ($22.62 Million)
Cryptocurrency Commentary
For several months, inflation data has been relatively good, and the Fed is hoping this continues. The PPI data needs to continue to decline, and the CPI should come in at or below expectations. Therefore, volatility may increase on Tuesday. If inflation comes in significantly lower or higher, Bitcoin will start pricing in the possibility of the Fed easing or tightening accordingly.
Fed members will make statements throughout the week. As always, we will share these at the right moment. SAND Coin will unlock an amount of circulating supply that is nearly 10% of its total. SAND Coin has remained strong despite the dead weight in the metaverse space due to a massive increase in token supply over a long period. However, if sales accelerate with the growing circulating supply, things could change.
