As every week, today brings essential developments for cryptocurrency enthusiasts.
Since 2020, the cryptocurrency markets have become significantly more sensitive to macroeconomic changes, with data, announcements, and market movements inducing notable volatility. What crucial advancements should we anticipate in the cryptocurrency markets in the coming days?
Key Developments in Cryptocurrency
Tensions regarding tariffs recently peaked, and Trump’s announcement of a 90-day pause indicates that the strain might be easing. Moreover, recent steps back and optimistic statements concerning trade agreements suggest that the worst days may be behind us. If we do not witness contradictory movements in the upcoming days, cryptocurrency prices could gain upward momentum.
Now, let’s look at the specific days and times to see what awaits us.
April 14, Monday
19:00 Fed/Barkin Speaking
20:00 Fed/Waller
April 15, Tuesday
01:00 Fed/Harker
02:40 Fed/Bostic
Render Event (RenderCon 2025)
April 16, Wednesday
15:30 U.S. Retail Sales (Expectation: 1.4% Previous: 0.2%)
19:00 Fed/Hammack
20:30 Fed Chair Powell Speaking
April 17, Thursday
14:00 Central Bank Rate Decision (Expectation: Unchanged)
15:15 European Central Bank Rate Decision (Expectation: 2.25% Previous: 2.65%)
April 18, Friday
U.S. Markets Holiday
Will Cryptocurrency Prices Rise?
The statements from Fed members are crucial these days. On Friday, remarks indicated that the Fed would not hesitate to intervene when necessary. If bonds do not stabilize, we could witness a scenario where monetary tightening is reversed alongside Fed purchases. Powell’s messages will also play a significant role.
Although this year’s inflation data fell well below expectations, the effect of declining oil prices on inflation remains uncertain. Powell’s messages on Wednesday could yield significant outcomes based on leading indicators and existing projections.
This year’s expectation for interest rate cuts has decreased from 5-6 to 3, now starting in June. If Powell maintains a hawkish stance, pressure on cryptocurrency prices may persist into next week. The European Central Bank will announce its rate decision in line with tariff expectations, while the Central Bank of Turkey might stir the TRY pairs with a surprising cut.
