The new week brings with it a number of critical macroeconomic developments for the cryptocurrency market. Here are the main agenda items that closely concern Bitcoin and altcoins next week…
Bitcoin and altcoin markets will price these developments in the week of September 18
Monday, September 18
ECB members will make important speeches at two separate times during the day. These speeches of the European Central Bank are of critical importance for those who keep their finger on the pulse of the markets. On this date, 50 million ARB tokens are also planned to be distributed by Arbitrum’s community vote. cryptokoin.comWe included the details in this article.
Tuesday, September 19
Inflation rate in the Eurozone will be announced; Expectations are that inflation will be 5.3%. The previous rate was 5.5%. After this announcement, the Real-World Asset Summit will begin. Projects such as LINK and MATIC stand out here. The Philippine Blockchain event will also be held on the same day.
Announcing the inaugural Real-World Asset Summit.
🗓️ Sept. 19th, 2023
📍 The William Vale, NYCWe're bringing together 250 of the brightest minds from DeFi and TradFi to discuss the future of tokenization, credit, and crypto.https://t.co/XwGFQjejua
— Centrifuge (@centrifuge) June 22, 2023
Wednesday, September 20
The most important item on the agenda is the interest rate decision of the Central Bank of China. The general expectation is that the decision will remain constant. However, the real bombshell of the day will happen in the USA. The Fed will announce its decision on interest rates. Additionally, the Fed President will make a speech after announcing the interest rate decision. Meanwhile, the Mainnet 2023 event will start in the evening. Especially the leading names of the cryptocurrency world will come together at this event. Some of the featured participants:
- Brian Armstrong, CEO of Coinbase
- Jeremy Allaire, Circle Co-Founder, President and CEO
- Mike Belshe, BitGo CEO
- Charles Cascarilla, CEO and Founder of Paxos
- Michael Novogratz, CEO and Founder of Galaxy
- Marta Belcher, President and President of the Filecoin Foundation
- Harry Halpin, CEO of Nym Technologies
- Brad Garlinghouse, Ripple CEO
- John Wu, President of Ava Labs
- Kirill Bensonoff, CEO of New Silver
- Lindsey Argalas, CEO of TaxBit
- Michael Arrington, Partner at Arrington Capital
Thursday, September 21
The number of applications for unemployment benefits in the United States will be announced on Thursday. Expectations are that the number of applications will be 225,000. The previous data was 220,000.
Friday, September 22
On the last business day of the week, the US production PMI index will be announced. Meanwhile, the expectation is for it to be 47.9. At the same time, the service PMI index will also appear; Expectations here are that the index will be 50.3. The previous data was 50.5. Another important development of the day will be the ID Token unlocking. A token unlock of approximately $3.89 million will take place here.
At the end of the week, investors will better understand the pulse of the market, accompanied by the statements of the Fed and other important institutions. Thus, they will potentially observe its effects on cryptocurrencies. Finally, you can take a look at experts’ Bitcoin price predictions before the Fed interest rate decision here.
