The cryptocurrency market is influenced by macroeconomic events as well as market developments. In this article, we will discuss some of the important events that will take place in the new week (week of January 6 to 12, 2025).
These developments are crucial for cryptocurrencies this week
The second full week of the new year will see significant developments in a variety of areas, from cryptocurrencies to technology and economics. Notable developments include:
* On Tuesday, the Consumer Electronics Show (CES) opens its doors in Las Vegas. New products and technological trends will attract attention at this event, which the tech world is eagerly awaiting.
* On Wednesday, a hearing will be held for the case of Terra founder ($LUNA ) Du Kwan.
* The minutes of the US Federal Reserve (FED) meeting will be published at 22:00 Türkiye time. The minutes may contain clues about the future monetary policies of the Federal Reserve.
* Important economic data from the United States will be released on Friday. The data to be released at 16:30 Türkiye time are as follows:
- Non-Farm Payrolls: Expected 150K, Previous 227K. This data is an important indicator of the overall health of the US economy.
- Unemployment rate: expected 4.2%, previous data 4.2%. Changes in the unemployment rate are closely watched by the markets.
BlackRock will announce its earnings report. The company’s performance is an important indicator for the financial markets. As is known, BlackRock launched the largest Bitcoin ETF, IBIT.
Although the relationship is complex and continues to evolve, macroeconomic events have a significant impact on cryptocurrencies. Factors such as interest rates, inflation, economic growth, geopolitical events, and investor sentiment affect the cryptocurrency market. Higher interest rates can make borrowing money expensive. This can, in turn, cause people to move away from cryptocurrencies and into safer investments.
