As with every Sunday throughout the year, today we are addressing significant developments that will affect the crypto world over the next 7 days. In 2023, investors were warned about countless major events every week, leading to many sleepless nights. So, what awaits the crypto markets in the last week of December?
Important Developments of the Week
Bitcoin price is influenced by significant macro developments and major events specific to cryptocurrencies. Throughout 2023, BTC, which has been moving like a roller coaster, finally found solid ground with the expectation of ETF approval. The price was at $43,900 at the time this article was prepared.
Monday, December 25
- US, EU Christmas Holiday
- Balancer (BAL) DNS Hack Claim Deadline
- Immutable ZkEVM Voting
Tuesday, December 26
- DYDX Unlocking ($1.81 Million)
Wednesday, December 27
- AXS Coin Origins S7 Update
- YGG Unlocking ($7 Million)
Thursday, December 28
- 16:30 US Unemployment Claims (Expectation: 211K Previous: 205K)
- AGIX Unlocking ($3.18 Million)
Saturday, December 30
- OP Unlocking ($88 Million)
Apart from all these, there are products and services that Cardano and many other projects have announced they will launch before the end of the last quarter. We may also see surprise announcements.
What Awaits Investors
As you can see above, the last week of the year is calm on the macro front and in crypto specifically. Due to the Christmas week, no major activity is expected from the SEC. However, strong signals for Spot Bitcoin ETF approval are expected in the following week, January 1-7. With these signals anticipated, the positive sentiment in crypto could increase exponentially in the upcoming week and the week following the arrival of these signals.
Investors should pay attention to last-minute announcements related to ETF file updates. Volatility is expected to increase in the first half of 2024, so investors expecting movements in both directions should be cautious. Although the expectation is for a rise until the shock of the ETF approval passes, there may be institutions and whales who see this period as an opportunity to sell and unload billions of dollars worth of assets.
