It will take place in the week of 24-30 June
All Important Events and Their Possible Impact on Crypto
Today, as every Sunday, we take a look at the events that may affect the prices of cryptocurrencies over the next 7 days. We have seen dozens of times how these developments trigger volatility. Investors' preparation for important developments and the potential for volatility brings them profits and at least helps them limit their losses. So what awaits us in the coming days?
Monday, June 24
10:00 Fed/Waller to Speak
21:00 Fed/Daly
Tuesday, June 25
14:00 and 21:15 Fed/Bowman
ALT Lock Opening ($20.4 Million)
Wednesday, June 26
23:30 Fed Stress Test Results
AdEx Announcement
ECB Announcement
Algorand Decipher Event
Blast Airdrop
Thursday, June 27
14:00 CBRT Interest Rate Decision
15:30 US Gross Domestic Product (GDP) (Expected: 1.4% Previous: 1.3%)
15:30 US Unemployment Claims (Expected: 240K Previous: 238K)
YGG ($10.8 Million)
Friday, June 28
15:30 US Core Personal Consumption Expenditures (Expected: 2.6% Previous: 2.8%)
19:00 Fed/Bowman
VeChain The HiVe Summit
AGIX ($5.3 Million)
Sunday, June 30
OP Coin ($56.7 Million)
Cryptocurrencies Prediction
If the GDP data comes as a surprise, it may increase volatility, as in the first quarter data. The Fed needs to reduce inflation without sending the US economy into a devastating contraction. Fed members will have statements throughout the week and stress test results for major banks will be published. It has long been said that banks have significantly avoided chain bankruptcies, but if this test contains abnormal details, it can be a strong trigger for volatility.
Lock openings and event announcements for altcoins also have the potential to trigger price increases/decreases as expected.
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