This week, the key developments in cryptocurrencies are being closely watched, including macroeconomic updates and significant events affecting altcoins. Bitcoin’s decline in the previous week was lower than expected, while altcoins saw a greater decline. Investors are eager to know the potential impact on the market from July 1st to July 7th.
What are the significant events to watch?
Macroeconomic factors, key unlocks, and altcoin-specific announcements can greatly influence cryptocurrency prices. These developments often lead to fluctuations, impacting investor risk appetite and market outlook. To help investors prepare, here are the key events for next week. Visit NEWSLINKER for the latest tech news.
Starting from Monday, July 1st, significant events include a speech by the President of the European Central Bank at 22:00, announcements from WanChain, and the submission of the 13F report to the U.S. Securities and Exchange Commission, disclosing the company’s ETF holdings. Additionally, notable unlocks such as $50 million worth of SUI tokens and $23.6 million worth of IO coins are expected.
How will macroeconomic changes affect cryptocurrencies?
On July 2nd (Tuesday), Eurozone inflation data, a speech by Powell, and the U.S. JOTTS report will be released. On Wednesday, July 3rd, there will be several important releases, including Turkey’s CPI, ADP non-farm employment change, and the Federal Open Market Committee meeting minutes. The U.S. holiday on Thursday, July 4th, may lead to reduced market activity.
Key U.S. employment data will be released on Friday, July 5th, including average hourly earnings, non-farm employment, and the unemployment rate. Additionally, the Fed’s monetary policy report is expected to be released at 18:00, which could impact market sentiment.
Key insights for investors
– Monitor Eurozone inflation data and Powell’s speech on July 2nd to understand potential market impact.
– Pay attention to Turkey’s CPI on July 3rd and the FOMC meeting minutes for clues about BTC price trends.
– The U.S. employment data released on July 5th may be crucial for cryptocurrency market trends.
On Friday, macroeconomic factors such as wage growth and employment data are expected to have a direct impact on Bitcoin prices. Additionally, the Fed meeting minutes may provide optimistic details that could boost BTC prices. Furthermore, the U.S. Securities and Exchange Commission will receive the 13F forms, showing ETF investment trends, which could indicate significant market fluctuations.
You can follow our news on Telegram, Twitter (X), and Coinmarketcap. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile, therefore, involve risks, and should conduct their own research.
