4 Four important events to keep in mind this week
You should keep an eye on the results of these events which will definitely have a big effect on the price of $BTC and will eventually affect the prices of Altcoins.
1- First of all, all eyes are on today's speech by the president of the Federal Reserve, Powell.
Any hints about monetary policy, inflation prospects or economic recovery could trigger fluctuations in traditional and digital asset markets. Investors will scrutinize his comments for clues about interest rates and stimulus measures, which could influence investor sentiment towards cryptocurrencies.
2- Second, Beige Book of the Federal Reserve.
Following Powell's speech, attention turns to the release of the Federal Reserve's Beige Book on Wednesday. This report provides information on economic conditions in various Federal Reserve districts. Any hint of strong economic growth or concerns about inflation could weigh on market sentiment, potentially affecting cryptocurrency prices.
3- Initial report of unemployment claims data.
Initial jobless claims data will be released on Thursday, providing crucial information on the health of the labor market and the progress of the economic recovery. Unexpected changes in jobless claims could cause market volatility as investors reassess risk and asset allocations.
4- Bitcoin Halving.
Finally, the long-awaited Bitcoin Halving event is coming up over the weekend. Scheduled every four years, this event reduces the speed at which new bitcoins are created, thus decreasing the supply of new coins entering the market. Historically, Bitcoin halvings have been associated with price rallies.
