As every Sunday, today we address significant developments expected in the cryptocurrency market in the coming days. Recently, many major events have occurred. Although the PCE data was within expectations, the markets did not show the desired positive movement due to various negative influences. What awaits cryptocurrency enthusiasts in the days ahead?
Key Developments in Cryptocurrency
There are certain agendas we will be monitoring in the upcoming days. For instance, whether the U.S. will adopt a moderate stance regarding agreements with Ukraine is a focal point. With Russia’s ongoing tensions with the U.S. and its significant attacks on Kyiv, concerns about war may escalate, potentially impacting the markets negatively.
Anticipated Announcements and Economic Indicators
We expect new announcements regarding tariffs. Statements from Trump or countries with trade ties will be significant. For example, Mexico aims to escape the damaging customs tariffs imposed by the U.S. on China through trade agreements. The EU may also seek new paths for compromise with the U.S. in light of the Ukraine situation, as retaliatory decisions regarding tariffs have yet to be made.
The SEC has been taking important steps concerning cryptocurrencies for some time. New agreements, and possibly moves related to the Ripple $2 case, are anticipated as we approach April 16. Notably, while resolving issues with Coinbase and Robinhood, they cannot ignore the most popular cryptocurrency case involving Ripple. This might explain why XRP remains at $2.25 amidst current turmoil.
Now, let’s look at the upcoming dates and details.
March 3, Monday
- 10:00 Turkey CPI (Expectation: 39.9%, Previous: 42.12%)
- 13:00 Eurozone CPI (Expectation: 2.5%, Previous: 2.7%)
- 17:45 U.S. S&P Manufacturing PMI (Previous: 51.6)
- 18:00 U.S. ISM PMI (Expectation: 50.5, Previous: 50.9)
- SUI Key Unlock ($115 Million)
March 4, Tuesday
- 22:20 Fed/Williams to Speak
March 5, Wednesday
- 16:15 U.S. ADP (Expectation: 145.5K, Previous: 183K)
- 18:00 U.S. Factory Orders (Expectation: 1.4%, Previous: -0.9%)
March 6, Thursday
- 16:15 European Central Bank Interest Rate Decision (Expectation: 2.65%, Previous: 2.9%)
- 16:30 U.S. Trade Balance (Expectation: -91.25 Billion, Previous: -98.4 Billion)
- 16:45 ECB President Lagarde to Speak
- 16:45 Fed/Harker
- 23:30 Fed/Waller
March 7, Friday
- 03:00 Fed/Bostic
- 16:30 U.S. Unemployment Rate (Expectation and Previous: 4%)
- U.S. Non-Farm Payroll (Expectation: 158K, Previous: 148K)
- U.S. Average Earnings (Expectation: 4.2%, Previous: 4.1%)
- 18:45-20:20 Fed/Williams, Kugler
- 20:30 Fed Chair to Speak
- 21:00 Fed/Kugler
- White House Cryptocurrency Summit