Take Notes: Pay Attention to Those 6 Developments for Cryptocurrencies This Week!

The cryptocurrency market is affected by macroeconomic events as well as market developments. In this article, we will cover some critical events that will take place in the new week (the week of January 6-12, 2025).

These developments are critical for cryptocurrencies this week

The second full week of the new year will witness important developments in various areas, from the cryptocurrency world to technology and the economy. Some of the prominent developments are as follows:

*On Tuesday, the Consumer Electronics Show (CES) will open its doors in Las Vegas. New products and technological trends will attract attention at this event, which the technology world is eagerly waiting for.

*On Wednesday, the hearing of Terra ($LUNA ) founder Do Kwon's case will take place.

*The US Federal Reserve (FED) meeting minutes will be published at 22:00 Turkey time. The minutes may contain clues about the FED's future monetary policies.

*Important economic data will be released from the US on Friday. The data to be released at 16:30 Turkey time is as follows:

-Non-farm employment data: Expected 150 thousand, previous data 227 thousand. This data is considered an important indicator of the general health of the US economy.

-Unemployment Rate: Expected 4.2%, previous data 4.2%. In particular, changes in the unemployment rate are closely monitored by the markets.

BlackRock will announce its earnings report. The company's performance is considered an important indicator for financial markets. As it is known, BlackRock launched the largest Bitcoin ETF, IBIT.

Although the relationship is complex and continues to develop, macroeconomic events significantly affect cryptocurrencies. Because factors such as interest rates, inflation, economic growth, geopolitical events and investor sentiment affect the crypto market. Because high interest rates can make borrowing money expensive. Thus, it can cause a move away from cryptocurrencies and turn to safer investments.