š„š„Important developments to follow this week in Bitcoin and cryptocurrencies
While the #BTC price has risen above 70 thousand dollars again, the developments that will take place this week may also affect the prices closely. Especially after the non-agricultural employment data (USA) announced on Friday, the inflation figures to be announced on Wednesday are also eagerly awaited.
The Consumer Price Index in the US increased by 3.2 percent year-on-year in February, above market expectations (3.1%). This time, the expectation is seen as 3.4%. One of the biggest reasons for the increase in inflation expectations is seen as the oil price exceeding $ 90 per barrel. Core inflation figures will also be of great importance in the data to be announced.
"The Fed may not cut rates," he said
The fact that inflation does not fall as much as the Fed wants, or comes in above expectations, may also undermine interest rate cuts. Neel Kashkari, a member of the Fed, said last week, āIf the figures are not as we expect, it may also be possible that there will be no interest rate cuts in 2024.ā This is why the inflation figures are of great importanceā¦
What message will the minutes give?
After the inflation data, which will be announced on Wednesday, the minutes of the Fed's March meeting will be published in the evening hours of the same day (UTC 18.00). The speeches and messages of Chairman Powell and other Fed members will also provide ideas for the future.
BlackRock quarterly earnings report is also coming
On the other hand, the earnings reports of BlackRock company, which has received billions of dollars of investment with the interest it has seen in #Bitcoin ETFs, will also be announced on Friday. Beyond the numbers, CEO Larry Fink, who has recently made positive statements about tokenization, may also make remarks about cryptocurrencies and Bitcoin.
