What Crypto Investors Should Watch for Next Week
Introduction
Cryptocurrency investors, like their counterparts in traditional markets, find themselves navigating a challenging landscape due to the Federal Reserve's ongoing tightening policy. While some US stock companies have experienced a significant recovery, the anticipated resurgence in cryptocurrencies remains elusive. The Federal Reserve has thus far maintained its course. So, what can crypto investors expect in the upcoming week? In this weekly calendar, we will provide insights into key developments slated to unfold in the cryptocurrency markets over the next seven days. We'll explore macroeconomic factors, specific crypto-related events, and their potential impacts on the markets. With the critical Fed week just around the corner, most market expectations have already been factored in. Let's delve into the day-by-day rundown of significant developments, all presented in Turkey time:
Crypto Calendar for the Week
September 18th, Monday
- 12:00 and 15:30: ECB Members Will Speak
- September 19th, Tuesday
- 12:00: Euro Zone Inflation (Expectation: 5.3%, Previous: 5.5%)
- Real-World Asset Summit: Key Participants - LINK and MATIC
- Philippine Blockchain
September 20th, Wednesday
- 04:15: China Interest Rate Decision (Expectation: Stable)
- 21:00: US Fed Interest Rate Decision (Expectation: Stable)
- Fed 3-Year Interest Rate Forecasts
- 21:30: Fed Chairman Will Speak
- Mainnet 2023 Event
September 21st, Thursday
- 15:30: US Initial Jobless Claims (Expectation: 225K, Previous: 220K)
September 22nd, Friday
- 16:45: US Manufacturing PMI (Expectation: 47.9)
- 16:45: US Services PMI (Expectation: 50.3, Previous: 50.5)
- ID Token Lock Opening: $3.89 Million
Tips for Crypto Investors
As we look ahead to the upcoming week, several factors will play a pivotal role for crypto investors:- Fed's Interest Rate Decision: The most critical macroeconomic event will be the Federal Reserve's interest rate decision. Any unexpected announcements or surprises in this regard can lead to substantial market fluctuations.
- China's Announcements: Keep a close eye on any unexpected decisions or announcements from China, as they have the potential to trigger significant market movements.
- Blockchain Events: Ongoing blockchain events can result in significant announcements from crypto teams. These announcements may have a direct impact on altcoins, potentially sparking notable price movements.
- Mainnet 2023 Event: Several crypto teams, including prominent ones like XRP and SOL, will participate in the Mainnet 2023 event in the US. This event can offer valuable insights into the future of these cryptocurrencies.
- Powell's Statement: Powell's statement regarding the interest rate ceiling, expected on Wednesday night, will carry substantial weight. Any delay could potentially eliminate the possibility of an interest rate cut before the second quarter.
In conclusion, the coming week holds significant potential for cryptocurrency investors. The Federal Reserve's decision, China's actions, blockchain events, and the Mainnet 2023 event will collectively shape market dynamics. It's essential to stay informed and agile in response to these developments, as they can influence both short-term and long-term market trends.
