Investors are gearing up for a week filled with anticipation as the Federal Reserve’s decisions take center stage. With recent data impacting risk markets, investors are eagerly awaiting to see if the Fed will change its stance or adopt a new strategy. However, the Fed meeting is not the only significant event happening this week. Let’s take a closer look at what’s in store.
Significant Developments in Cryptocurrencies
The highlight of the week is undoubtedly the Fed meeting, but there are other key developments to keep an eye on throughout the week. The US economy has not performed as expected, with rising inflation and interest rate pressures hindering economic growth without effectively addressing inflation.
Now, let’s dive into the events that will capture investors’ attention over the next seven days, as we do every Sunday.
April 29, Monday
OP Key Opening ($63.7 Million)
April 30, Tuesday
12:00 EU CPI (Expectation: 2.4%)
17:00 US CB Consumer Confidence (Expectation: 104, Previous: 104.7)
Former Binance CEO CZ’s Penalty Announcement
PRIME Coin ($30 Million)
SUI ($5 Million)
MANTA ($3.4 Million)
May 1, Wednesday
15:15 US ADP Non-Farm Employment Change (Expectation: 179K, Previous: 184K)
16:45 US Manufacturing PMI (Expectation: 49.9, Previous: 51.9)
17:00 US Job Openings and Labor Turnover Survey (JOLTS) (Expectation: 8,680M, Previous: 8,756M)
21:00 Fed Interest Rate Decision
21:30 Fed Chairman Powell’s Speech After the Decision
THETA EdgeCloud Launch
DYDX ($72 Million)
ZETA ($6.7 Million)
ENA ($46 Million)
May 2, Thursday
15:30 US Unemployment Claims (Expectation: 212K, Previous: 207K)
Shibarium Hard Fork
May 3, Friday
10:00 Turkey Inflation Data (Previous: 68.5%)
15:30 US Average Hourly Earnings (Expectation: 0.3%)
15:30 US Non-Farm Employment (Expectation: 243K, Previous: 303K)
15:30 US Unemployment Rate (Expectation: 3.8%)
MEME Coin ($150 Million)
May 4, Saturday
02:45 Fed/Goolsbee Speech
02:45 FOMC Member Williams Speech
May 5, Sunday
XRP Las Vegas Event
What to Watch Out For?
This week, Wednesday and Friday could bring increased volatility to the cryptocurrency market. After the Fed meeting, investors will analyze Powell’s statements for hints about future meetings. The Friday data will reveal whether Powell’s expectations for employment easing and interest rate cuts will be met. Additionally, significant key openings could cause price fluctuations in altcoins.
Disclaimer:
The information provided in this article is not intended as investment advice. Investors should be aware that cryptocurrencies come with high volatility and risk and should conduct their own research.
