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Welcome to another edition of our weekly newsletter, where we bring you the latest updates and insights from the world of cryptocurrencies.
As always, we have scoured the internet and our sources to provide you with a brief outlook for the upcoming week and a quick recap of the most noteworthy events from last week.
Outlook for This Week
Hey everyone,
Hope you’re all set for an exciting week in the world of crypto! After an eventful weekend, including the shocking news of the assassination attempt on Donald Trump, we’re starting a new week. Here’s a quick rundown of the key events happening and my two cents on what to watch out for.
🌞 Positive Outlook for the Week
We’ve seen a solid +4% gain in the crypto market since yesterday! This positive change sets a great tone for the week. Starting on such a high note often boosts investor confidence and can keep the momentum going. Let’s hope this trend continues as we dive into the events ahead.
📊 Monday: Empire State Manufacturing Index & Powell’s Speech
The week kicks off with the Empire State Manufacturing Index and a speech by Fed Chair Powell at the Economic Club of Washington DC. These events are crucial as they set the tone for the week. Positive sentiment here could boost crypto markets early on. I’ll be watching closely to see how these play out.
💷 Wednesday: UK CPI & Australia Employment Data
Mid-week, we have the UK’s yearly CPI data and Australia’s employment figures. Inflation and employment stats are always significant for market movements. If the UK’s CPI is lower than expected, it might hint at easing inflation, which could be bullish for crypto. On the other hand, strong employment numbers from Australia could indicate a robust economy, possibly affecting investor sentiment globally.
📉 Thursday: UK Claimant Count, EU Monetary Policy, ECB Presser & US Unemployment Claims
Thursday is packed! We start with the UK’s claimant count change, followed by the EU’s monetary policy statement and ECB press conference. Finally, the US unemployment claims will be out. All eyes will be on these events for cues about economic health and policy direction. The ECB’s tone will be particularly telling – a dovish stance might fuel a crypto rally, while hawkish comments could dampen the mood.
That’s the roundup for the week. As always, keep an eye on how these events unfold and remember that the crypto market often reacts to broader economic indicators. Here’s to a great start to the week and hopefully, some positive momentum for our portfolios!
And there you have it! Keep these events on your radar and let’s see how the week unfolds. As always, I’ll be keeping a close eye on all the developments and share my thoughts with you.
Upcoming Token Unlocks
The unlocking of tokens brings previously locked tokens into circulation. As these events increase the supply of a token, they also affect its price.
Last Week’s Headlines
In case you missed it, here’s a quick recap of the most interesting events from last week. Join our free Telegram server to get daily summaries like this.
Former President Trump Survives Assassination Attempt
Former President Trump survives an assassination attempt at a Pennsylvania rally, with an audience member losing their life. The shooter, a local 20-year-old, was killed at the scene. Read more
Bitcoin Sentiment Plunges To “Extreme Fear”
Bitcoin sentiment has plunged to “extreme fear” as BTC struggles to break upper resistance. This indicates a challenging period for crypto investors but historically means a good time to buy. Read more
German Government Offloads Final Bitcoin Holdings
The German government has seemingly offloaded its final Bitcoin holdings, marking the end of its Bitcoin selloff as the government wallet is emptied. Read more
Fed Chair Powell On US Labor Market
Fed Chair Powell states that the US labor market is back in balance, which could influence future monetary policy decisions. Read more
That’s it for this week. As always, stay curious, stay informed, and stay invested.
Wish you all a good start into the week!
Cheers,
Stefan Erben
Founder InvestmentExplorer & Co-Founder CryptoExplorer
