As the week draws to a close, COINTURK is here to highlight crucial developments in the coming days that could increase volatility in the market. Keeping track of these events has been beneficial to investors over the years. But what significant events will impact cryptocurrencies in the next seven days?
Key Cryptocurrency Developments
The United States Supreme Court has yet to make a decision on important tariff rulings, leading to uncertainty and potential chaos if the decision is unfavorable. This is one of the reasons for the sustained negativity surrounding cryptocurrencies in recent weeks.
Concerns about a December interest rate cut are growing, with the potential of no cut now being dominant. We have compiled a list of essential developments expected to impact the trajectory of cryptocurrency markets in the coming days.
Warnings for the New Week
The timing of the Supreme Court’s decision is unknown, presenting it as the first major surprise of the week. Potential actions, like military intervention in Venezuela, might also pose unexpected challenges. Understanding how economic data unfolds throughout the week and its implications on cryptocurrencies, as thoroughly discussed in last Friday’s article, could be beneficial.
Statements from Fed members throughout the week are significant as they will influence the December interest rate decision. A ZRO major unlocking event is anticipated, leading to potential high volatility in both directions, often common in such speculative situations.
One of the week’s key events is the NVIDIA earnings report and the Fed minutes. A robust report from NVIDIA might undermine the burgeoning AI bubble narrative, slightly easing the burden on cryptocurrencies.