As we approach the year’s end, we delve into the key developments that await us in the coming days. The cryptocurrency markets have experienced intense weeks, leaving investors significantly impacted. With only days left before the year’s final Federal Reserve meeting, what should crypto investors expect in the first week of December?
The Critical Developments in Cryptocurrency
Due to the government shutdown, several significant reports haven’t been seen or are canceled by some US agencies and won’t be published. However, the Federal Reserve is slated to announce its interest rate decision on December 10th, with a 25 basis point cut almost assured. Yet, the messages delivered by Fed Chair Powell will be closely monitored.
With less than a week remaining until the Fed meeting, what awaits cryptocurrency investors? Let’s explore the crucial developments, including dates, times, and expectations that might affect crypto assets.
December 1, Monday
The day kicks off with significant economic indicators: at 17:45, the US S&P Manufacturing PMI final data will be released, followed by key events such as the SUI key unlocking and several upgrades including the AXL Testnet V1.3.1 and ONT MainNet V3.0.0. Additionally, from December 1 to 7, Dubai will host the Solana Economic Zone.
December 2, Tuesday
Early morning at 04:00, all eyes will be on Powell’s speech at the Hoover Institution’s George P. Shultz Memorial Conference in Stanford, California. With several major releases slated, including the Euro area’s unemployment rate and Core CPI, as well as significant events like VeChain’s Hayabusa Mainnet, this day promises to be eventful.
December 3, Wednesday
Highlighting midweek, Turkey’s inflation figures are due at 10:00, while Binance Blockchain Week continues. Speeches from ECB President, the US ADP Employment Change figures, and significant updates from Ethereum further populate the day’s schedule, including a key meeting between Nvidia’s CEO and the Republican Banking Committee.
December 4, Thursday
Thursday offers critical insights with the US initial jobless claims figures and another anticipated speech from Fed/Bowman at 20:00.
December 5, Friday
As the week rounds off, the University of Michigan’s preliminary sentiment index will be released at 18:00, alongside the US PCE Price Index and Factory Orders. Also significant is the Renzo token burn, marking its second session following a massive initial burn in November.
December 6, Saturday
Closing the week, the Algorand India Summit will take place, marking a focus area in the blockchain space and an opportunity for further discourse and development.