Below is a list of important economic events expected in January 2025 that may impact the cryptocurrency market, with dates and potential impact:
1. Monthly Jobs Report (NFP):
Date: Friday, January 10, 2025.
Expected Impact: This report is a leading indicator of the health of the US economy. Positive results could boost confidence in traditional markets, which could lead to a decline in interest in cryptocurrencies, and vice versa. Potential impact on cryptocurrency prices is 3% to 5%.
2. Consumer Price Index (CPI):
Date: Wednesday, January 15, 2025.
Expected Impact: This indicator measures the rate of inflation. An unexpected rise in inflation could push investors towards digital assets as a safe haven, leading to a price increase of 2% to 4%.
3. Federal Open Market Committee (FOMC) Meeting:
Date: January 28-29, 2025.
Expected impact: The Fed’s decisions on interest rates directly affect the financial markets. An increase in interest rates could lead to a decline in cryptocurrency prices by 4% to 6%, while a decrease could support a rise in prices by the same percentage.
Note on USDT ban in Europe:
European authorities have announced a ban on trading USDT (Tether) on European exchanges by December 30, 2024. This move could lead to:
Liquidity Shifts: Part of the trading volume may move to platforms outside of Europe, impacting USDT liquidity in European markets.
Limited impact on global market: Given the widespread use of USDT globally, especially in Asia and America, the overall impact is expected to be limited.
Tips for investors:
Keeping up with economic news: Staying up to date with economic reports helps you make informed investment decisions.
Portfolio diversification: Diversifying investments reduces potential risks resulting from market fluctuations.
Prepare for Volatility: The cryptocurrency market is known for its volatility, so you should be prepared for rapid changes in