Investors are gearing up for an eventful week as they anxiously await the Federal Reserve’s decisions. Following recent market turbulence, investors are eagerly anticipating whether the Fed will alter its stance or adopt a new strategy. However, the Fed meeting is not the only significant event on the agenda. So, what else can we expect this week?
Significant Developments in Cryptocurrencies
The highlight of the week is undoubtedly the Fed meeting. But let’s delve into the other key developments expected throughout the week. The US economy has not met growth expectations, and inflation is on the rise. Interest rate pressures are negatively impacting economic growth while failing to address inflation.
Now, let’s take a closer look at what will capture investors’ attention in the next seven days, as we do every Sunday.
April 29, Monday
OP Key Opening ($63.7 Million)
April 30, Tuesday
12:00 EU CPI (Expectation: 2.4%)
17:00 US CB Consumer Confidence (Expectation: 104 Previous: 104.7)
Former Binance CEO CZ’s Penalty Announcement
PRIME Coin ($30 Million)
SUI ($5 Million)
MANTA ($3.4 Million)
May 1, Wednesday
15:15 US ADP Non-Farm Employment Change (Expectation: 179K Previous: 184K)
16:45 US Manufacturing PMI (Expectation: 49.9 Previous: 51.9)
17:00 US Job Openings and Labor Turnover Survey (JOLTS) (Expectation: 8,680M Previous: 8,756M)
21:00 Fed Interest Rate Decision
21:30 Fed Chairman Powell to Speak After the Decision
Launch of THETA EdgeCloud
DYDX ($72 Million)
ZETA ($6.7 Million)
ENA ($46 Million)
May 2, Thursday
15:30 US Unemployment Claims (Expectation: 212K Previous: 207K)
Shibarium Hard Fork
May 3, Friday
10:00 Turkey Inflation Data (Previous: 68.5%)
15:30 US Average Hourly Earnings (Expectation: 0.3%)
15:30 US Non-Farm Employment (Expectation: 243K Previous: 303K)
15:30 US Unemployment Rate (Expectation: 3.8%)
MEME Coin ($150 Million)
May 4, Saturday
02:45 Fed/Goolsbee to Speak
02:45 FOMC Member Williams to Speak
May 5, Sunday
XRP Las Vegas Event
What to Keep an Eye On?
This week, Wednesday and Friday could bring increased volatility to the cryptocurrency market. After the Fed meeting, investors will scrutinize Powell’s previous statements for clues about future meetings. Friday’s data will reveal whether Powell’s expectations of employment easing for interest rate cuts will be met. Additionally, significant key openings may cause price fluctuations in altcoins.
Disclaimer:
The information provided in this article should not be considered investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is advisable to conduct thorough research before making any investment decisions.
