King cryptocurrency The unit started to decline again after testing the targeted 80 thousand dollars. BTC, which rose to $ 80,635 in the last 24 hours, had already signaled this with its ongoing closings above the resistance of the channel where it had been lingering for a long time. So, what important developments await cryptocurrencies in the coming days?
Important developments in cryptocurrencies
USA now interest rate cuts The macro front is not supportive for cryptocurrencies as it has been suspended for an indefinite period. But it could be worse. Inflation An increase in the rate of increase or the continuation of moderate data on employment will support the Fed’s pause policy and will also pull cryptocurrencies down. Therefore, it is critical to monitor important developments in the calendar.
Monday, May 4
- 17:00 US Factory Orders (Monthly) (Expected: 0.6%)
- 19:50 Fed’s Williams Will Speak
- 23:05 Palantir Earnings Report
- Stellar Quarterly Report
Tuesday, May 5
- 14:00 PayPal Earnings Report
- 15:30 US Trade Balance (Expected -$60.8 Billion Previous: -57.3)
- 16:45 US S&P Services PMI Final (Expected: 51.4 Previous: 51.3)
- 17:00 USA JOLTS Job Postings (Expected: 6.85M Previous: 6.883M)
- 17:00 Fed/Bowman
- 19:30 Fed/Barr
- 23:15 AMD Earnings Report
- Virtuals Protocol OPG Airdrop Snapshot
Wednesday, May 6
- 15:15 US ADP Employment Change (Expect: 115K Previous: 62K)
- 16:30 Fed/Musalem
- 20:00 Fed/Goolsbee
- HYPE Coin Unlocked 9.92 Million
- Monero FCMP++ 2nd Testnet
- Stellar Yardstick Mainnet Rating
Thursday, May 7
- 02:50 Bank of Japan Meeting Minutes
- 15:30 US Initial Unemployment Claims (Expected: 200K Previous: 189K)
- 18:00 New York Fed 1-Year Inflation Expectations
- 21:05 Fed/Hammack
- 22:30 Fed/Williams
- 23:10 Coinbase Earnings Report
Friday, May 8
- 15:30 US Unemployment Rate (Expected and Previous: 4.3%)
- 15:30 US Nonfarm Payrolls Data (Expected: 65K Previous: 178K)
- 15:30 US Average Earnings (YoY) (Expect: 3.8% Previous: 3.5%)
- 17:00 University of Michigan Consumer Confidence Index (Preliminary Report) (Expected: 49.5 Previous: 49.8)
Saturday, May 9
- 02:30 Fed members Waller, Bowman, Daly and Goolsbee will speak
Things to Consider
We will see the current situation of employment with the data coming on Friday. While inflation is rising, if Friday’s employment figures come in line with expectations, this will strengthen the Fed’s hand in keeping interest rates steady. Therefore, it is against cryptocurrencies.
Hours ago, Iranian sources announced that 2 missiles were fired at the US ship, which ignored the warnings, and the Iranian agenda will continue to move the markets throughout the week.
