Cryptocurrency markets continue to experience dull days with no clear direction yet. What will happen this week? Every Sunday, we discuss significant developments for the next 7 days. It is possible for investors to prepare in advance for developments that have the potential to increase volatility and to emerge profitably from the process. So, what awaits cryptocurrency investors next week?
This Week’s Key Developments in Crypto
This month’s data indicated a relaxation on the employment front and a slowdown in wage increases. However, since the inflation data for the first quarter came in poor, Fed members highlighted the risk of further tightening. The important developments in the coming days are as follows, according to Turkish Standard Time (TSI).
Monday, May 13
- 12:00 EU Economic Forecasts
- 16:00 Fed/Jefferson
- 16:00 Fed/Mester
Tuesday, May 14
- 15:30 US Core Producer Price Index (Expectation: 2.3%, Previous: 2.4%)
- 16:10 Fed/Cook
- 17:00 Fed/Powell Will Speak
- Google Developer Conference
- DYDX ($4.3 Million) Unlocking
- Alibaba Earnings Report
Wednesday, May 15
- 15:30 US Core Consumer Price Index (Expectation: 3.6%, Previous: 3.8%)
- 15:30 US Core Retail Sales (Expectation: 0.2%, Previous: 1.1%)
- 19:00 Fed/Kashkari
- 22:20 Fed/Bowman
- SEC 13F Filings (Who owns assets over $100 million buying BTC ETFs will be answered)
- STRK ($78 Million)
- CYBER ($6.8 Million)
- AEVO ($1.04 Billion)
- BCH Network Upgrade
Thursday, May 16
- 15:30 US Unemployment Claims (Previous: 231K)
- 17:00 Fed/Barr
- 17:30 Fed/Harker
- 18:30 Fed/Mester
- 22:50 Fed/Bostic
- ARB ($93.02 Million)
- Walmart Earnings Report
- NOT Coin Listings
Friday, May 17
- 12:00 EU CPI (Expectation: 2.4%)
- 17:15 Fed/Waller
- APE ($19 Million)
- IMX ($57 Million)
- RNDR ($8.2 Million)
Saturday, May 18
- Manta ($11 Million)
- ROSE ($14.6 Million)
Sunday, May 19
- PIXEL ($20.4 Million)
- Baby Doge NFT Market
Note: NVIDIA earnings report is coming on May 22, which could impact the market. The final decision date for the VanEck ETH ETF is May 23, and the decision could be announced early. The final date for Ark&21Shares is May 24. AVAX will unlock $321 million worth of assets on May 22. Lastly, ASI will be launched on May 24, causing movement in FET, AGIX, and OCEAN this week.
What Investors Should Watch Out For
In addition to the details in the first section, the NVIDIA earnings report coming on May 22 could see a positive divergence in AI-focused altcoins next week. RNDR Coin has been noticeably rising for a while. Investors aiming for better-than-expected earnings for NVIDIA believe this will support AI-focused tokens. Therefore, identifying the right selling points on days when expectations are purchased can be profitable.
This week promises high volatility for all cryptocurrencies as April inflation data is coming. On the other hand, unlocks are also likely to cause fluctuations in altcoins.
