Bitcoin (BTC) $104,723.9 It’s racing to new all-time record highs, reaching $107,195 at press time. Extremely important things will happen for the cryptocurrency markets this week. Moreover, Trump’s handover process is getting closer. Developments in the coming hours may further increase volatility in cryptocurrencies.
Important Developments of the Week Cryptocurrencies
Every week, we discuss important developments awaiting investors regarding cryptocurrencies. This week is the last week of the year fed meeting will be made and the interest rate decision will be announced. With the latest inflation data, investors are relieved and prices are rising. After the surprise inflation rise in October, November data reassured investors.
So what important developments will we see throughout the week?
Tuesday, December 17
- 16:30 US Retail Sales (Expected: 0.5% Previous: 0.4%)
- 17:15 US Industrial Production (Expected: 0.3% Previous: -0.3%)
- RLUSD Will Start Trading on Global Exchanges
- NEAR Announcement
Wednesday, December 18
- 22:00 Fed Interest Rate Decision (Expected: 25bp Discount)
- 22:00 Fed Economic Projection Summary
- 22:30 Fed President Powell Will Speak
- Hong Kong Stablecoin Bill to be Submitted to Congress
Thursday, December 19
- 16:30 US Unemployment Claims (Expected: 229K Previous: 242K)
- 16:30 US GDP (Expected vs. Previous: 2.8%)
- LayerZero Fee Switch Rating
- Coinbase Will Delist WBTC
Friday, December 20
- 16:30 US PCE (Expected: 2.5% Previous: 2.3%)
Warnings to Investors
In addition to 13 different developments, some surprise events may also occur. CFTC The determination of the president is one of them. Trump’s crypto-themed statements are important. The statements to be made by the Fed President will probably be that interest rate cuts may be paused when necessary.
Moreover, it is possible for Powell to evaluate the effects on the economy of additional customs rules for China that will be reinstated by Trump. As the decline in inflation continues, the Fed must continue to reduce interest rates, albeit slowly. If there is a pause in interest rate cuts and we see data indicating an increase in inflation, we may enter a terrible period in which the optimism in the macro outlook is shaken.
RLUSD Tomorrow is a big day for XRP Coin and volatility may increase further. Altcoin investors may see more volatility as long as BTC lingers above $106,000.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
