"What's Next for the Crypto Market?" List of key events》
Since 2021, the cryptocurrency market has experienced wave after wave of crazy gains that are dizzying. However, what will be the next market trend? Four key events may influence the development direction of the market:
Event 1: Ethereum Cancun Upgrade
The Ethereum Cancun upgrade on March 13th will bring about major changes in blockchain technology, especially the significant reduction in on-chain handling fees for Layer 2, which will play an important role in the development of the Ethereum ecosystem.
Event 2: Nvidia GTC Technology Conference
AI chip maker NVIDIA is about to hold the GTC conference, and it is expected that the newly released products may become an important boost in areas such as cryptocurrency mining. In addition, meme coins related to NVIDIA and OpenAI may also surge due to market news.
Event 3: U.S. interest rate decision
The Federal Reserve will hold a meeting on March 20 to decide whether to adjust U.S. interest rates. This resolution will directly affect the investment environment and investor sentiment towards risky assets, and may affect the price trend of Bitcoin and related assets.
Incident 4: The trial of $LUNA founder Do Kwon
The trial of Do Kwon, the instigator of the TerraUSD and Luna crashes, will be held on March 25. The outcome of this case could have a significant impact on the crypto market, especially when it comes to investors in the Terra series of projects.
JP Morgan strategists believe that the rapid growth of Bitcoin and related assets may delay the Federal Reserve’s interest rate cut plan. Therefore, investors need to pay close attention to the development of the above key events to grasp the pulse of the market and investment opportunities.
In an uncertain market environment, investors should remain vigilant and adjust strategies in a timely manner. The future development of the cryptocurrency market is still full of opportunities and challenges. Let us look forward to and grasp every change together and move towards a more stable investment path.