Every Sunday, we discuss and share important developments in the crypto world for the upcoming week. We examine these developments with their dates, times, and potential market impacts, contributing to price volatility. Being prepared for these significant events benefits investors.
Important Crypto Developments
COINTURK has long been highlighting important weekly developments in advance. For instance, in the last assessment, we mentioned the possible upward revision of the Fed members’ 3-year interest rate forecast a week before it happened. This week, the BTC price fell from $72,000 to below $66,000 mainly due to this reason.
So, what important developments will crypto investors see in the week of June 17-23? What new events await investors in the coming period?
Monday, June 17
- 11:00 European Central Bank President Speech
- 19:00 Fed/Williams
- 20:00 Fed/Harker
- APE Unlocking ($16.2 Million)
- CHZ Coin Dragon8 Hard Fork
- XEM, WAVES, and OMG Binance Delist
Tuesday, June 18
- 04:00 Fed/Cook
- 12:00 European Inflation (Expectation: 2.9% Previous: 2.4%)
- 15:30 US Core Retail Sales (Expectation: 0.2% Previous: 0.2%)
- 17:00 Fed/Barkin
- 18:40 Fed/Collins
- 20:00 Fed/Logan
- MANTA Coin ($8.33 Million)
Wednesday, June 19
- US Holiday
- PIXEL ($19.3 Million)
Thursday, June 20
- 15:30 Jobless Claims (Expectation: 235K Previous: 242K)
- 23:00 Fed/Barkin
Friday, June 21
- 16:45 US Manufacturing PMI (Expectation: 51.0)
- Services PMI (Expectation: 53.4 Previous: 54.8)
- 18:00 Fed Monetary Policy Report
What to Watch Out For?
On Friday, the Fed monetary policy report will share economic developments and future insights with Congress. This semi-annual report may contain details relevant to risk markets. Besides, the statements from Fed members throughout the week will be closely monitored. We will better understand the concerns that led members to revise their 3-year interest rate forecasts upward.
On Wednesday, as the US markets will be on holiday, crypto investors will be on their own, much like during the weekend. This could bring volatility depending on the situation on Monday and Tuesday.
