Economic Headwinds Loom as Crypto Markets Face Altcoin Events and Economic Data
After a partial recovery this week, cryptocurrency markets are bracing for a busy schedule of economic developments and altcoin events in the coming days.
The past week saw Bitcoin gain 2.25% while Ethereum rose by 2.5%. However, with the likelihood of a Fed interest rate hike reduced due to non-farm payroll data, investors may be focusing on upcoming news rather than short-term price movements.
This week's calendar is packed, starting with $VELVET distributing an airdrop and VET launching VIP-255 voting on Monday. On Tuesday, the PI protocol will implement its 26th update while DASH releases its iOS wallet.
The following days will see AVNT release Avantis V2, $MON chain lose Phantom support, SAND launch Studio Beta, and STX face a restaking deadline. Key economic indicators include US Consumer Price Index (CPI) data on Wednesday at 15:30 UTC+3 Turkish time, with expected values of 3.4% annual change, 0.1% monthly change, and 0.2% for the core CPI.