cryptocurrency We have entered a critical period in the markets and every event can have major consequences on the price. Altcoins, which suffered significant losses in the decline that continued for days, started to recover. BTC continues to close above $97,500. Volatility may increase with the events that will occur in the coming days.
Important Developments in Cryptocurrencies
Every week, we share details about important developments that will occur in the coming days. Investors can turn volatility to their advantage by preparing for important events that are expected to cause volatility. The data coming shortly before January 20 is important.
Especially after the statements at the December Fed meeting, we mentioned that data on employment and inflation are of key importance for the Fed’s plans, which plans to make only 2 interest rate cuts in 2025. That’s why we should seriously monitor the data that is considered a leading signal.
So in the coming days cryptocurrency What developments will occur regarding the markets? Let’s discuss these important developments with day and time details.
Monday, January 6
- 17:15 Fed/Cook to Speak
- 18:00 US Factory Orders (Expected: -0.4% Previous 0.2%)
Tuesday, January 7
- 16:00 Fed/Barkin
- 18:00 USA JOLTS Job Openings (Expected: 7,775M Previous: 7,744M)
Wednesday, January 8
- 16:15 US ADP Employment Change (Expect: 130K, Previous: 146K)
- 16:30 US Initial Unemployment Claims (Expected: 221K Previous: 211K)
- 16:30 Fed/Waller
- 22:00 Fed Minutes
Thursday, January 9
- USA Holiday
- 20:40 – 21:35 Barkin, Schmid and Bowman will speak at the Fed
Friday, January 10
- 16:30 US Unemployment Rate (Expected: 4.2% Previous: 4.2%)
- 16:30 Non-Farm Employment (Expected: 153K Previous: 227K)
Those Waiting for Cryptocurrencies
Statements from Fed members will be important. Future employment data should be weak. If inflation remains stable while employment increases, we may face a terrible scenario in which the Fed hesitates to even make two interest rate cuts this year.
The good news is that markets have already priced in 2 rate cuts for 2025. High unemployment data or signals of a decrease in inflation may quickly support the price increase. It will be announced on Wednesday Fed The details in the minutes are not expected to support risk markets, we will probably see negative volatility close to the minutes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
