The Iran war has been on the agenda of cryptocurrency investors for weeks. During this process, we saw important US data being announced. Negotiations began over the weekend and investors are trying to remain hopeful despite rising inflation. So what awaits cryptocurrency investors next week?
Important developments in cryptocurrencies
In the past 2 weeks, the improvement in employment and the rapid rise in inflation due to the war have been confirmed. Although the ceasefire will reduce inflation somewhat as of April, it is difficult to talk about a return to the past until oil drops below 73 dollars. In the middle of next month, Warsh will probably take Powell’s seat and the historic process will begin. However, until the data improves, even Warsh cannot reduce interest rates despite Trump’s pressure.
Monday, April 13
- 15:00 OPEC Monthly Report
- 17:00 US Blockade of the Strait of Hormuz Begins
Tuesday, April 14
- 15:30 US PPI (Annual) (Expected: 4.6% Previous: 3.4%)
- 15:30 US Core PPI (Annual) (Expected: 4.2% Previous: 3.9%)
- 16:00 IMF World Economic Outlook
- 17:15 IMF Global Financial Stability Report
- Cardano treasury governance proposal
Wednesday, April 15
- 15:30 New York Fed Manufacturing Index (Previous: -0.2)
- Connex Unlock (1.32% of Supply)
- Paris Blockchain Week
Thursday, April 16
- 12:00 Euro Zone Consumer Price Index (Annual) – Final (Expected and Previous: 2.5%)
- Monthly (Expected: 1.2% Previous: 0.6%)
- 15:30 US Initial Unemployment Claims (Expected: 210K Previous: 219K)
- 17:00 Warsh’s Nomination in the Senate
- Stellar Yardstick on Test Network
- Arbitrum Unlocking (1.65%)
Friday, April 17
- Voting to reorganize the FLR Tokenomics structure
- Lava Network adds support for Ripple, Tezos & Polkadot.
- 20:00 – 21:00 Worldcoin Event
Be careful with cryptocurrencies
PPI data in cryptocurrencies will increase mobility and of the CPI It will also give an idea about its progress. Negotiations over the weekend were not positive, but the 2-week process is not over yet. If the parties continue their mutual showdown, it is possible that the attacks will continue after the 2-week ceasefire. What is sabotaging the negotiations is that they are largely focused on the sensitivities of domestic politics and that both sides are tempted to declare victory. Both Iran and the USA offer harsh conditions.
We mentioned that the place we look at to monitor risk these days is oil. It returned to three-digit levels again, and the decline on the day of the fever announcement remained a temporary bottom. The coming days will host critical developments.
