As the cryptocurrency market evolves, Bitcoin displayed a stable performance on January 18, amidst a notable decrease in trading volumes. Anticipation is high as several significant events are projected to influence the market dynamics significantly this week, leading to crucial developments within the crypto ecosystem.
This Week’s Event Highlights
One of the key expectations this week is the High Court’s ruling on tariffs, scheduled for announcement on Friday. The specifics of this decision are yet unknown, with at least one decision expected by January 20 at 18:00 Turkish Standard Time. Several other events are set to unfold, potentially steering the market’s course.
How Will Economic Reports Affect the Market?
The week kicks off on Monday, January 19, with the World Economic Outlook Press Conference led by the IMF at 12:30, followed by the release of the Eurozone’s Annual Consumer Price Index at 13:00, anticipating a 2% rate.
Tuesday, January 20, marks the commencement of the Davos Conference, continuing throughout the week, alongside the High Court Tariff Decision anticipated by 18:00. Simultaneously, the results of the Injective IIP-617 Deflation Vote will be revealed, and ZRO tokens will undergo a 6.36% supply unlocking.
On January 21, earnings reports from Netflix and Charles Schwab are scheduled at 00:43 and 15:40, respectively.
Thursday, January 22, features the CBRT Interest Rate Decision at 14:00 with anticipated rates at 36.5%, followed by the ECB Meeting Minutes and U.S. Initial Jobless Claims at 16:30, expected to be 215K. Monitoring U.S. GDP growth and PCE figures are essential as well. Stellar’s Protocol X-Ray will also make news for enhancing zero-knowledge applications.
Friday, January 23, pays attention to Japan’s CPI and BoJ’s announcements, expected to remain steady at 0.75%. A significant indicator, the BoJ’s decisions around interest rates provide room for market speculation.
Saturday, January 24, brings a Bitcoin Cash Meetup, while Sunday, January 25, will witness token unlocks for XPL and Humanity (H), liberating 4.33% and 4.57% of their supplies.
- •Davos brings possible critical insights affecting crypto markets.
- •U.S. PCE numbers, a vital Fed inflation measure, is crucial for the upcoming interest rate decisions.
- •The BoJ announcements could influence global trading strategies.
Such looming events, particularly the High Court’s tariff verdict, possess the potential to introduce substantial fluctuations across cryptocurrency markets.