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Beware of These 6 Dates in April: Will Affect BTC and Altcoins!

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As we enter April, investors and economists are watching closely for upcoming events that could have significant implications. That’s why the global economy is in the focus of BTC and altcoin investors. We have prepared some important dates for you that you should keep on your radar to be informed. Always keep reading us!

Dates in focus for BTC and altcoin investors

US Non-Farm Employment (April 7)

The US nonfarm payrolls report, which will be released on April 7, tomorrow, will provide information on the state of the American job market. The report will reveal the number of new jobs added in March and the unemployment rate. The data is also important to crypto investors as it can affect both the stock market and the value of the US dollar.

Ethereum Shanghai Upgrade (April 12)

cryptocoin.com As we have reported, the highly anticipated Ethereum Shanghai upgrade will take place on April 12. This upgrade aims to improve the efficiency and security of the Ethereum Blockchain, which is the backbone of many decentralized finance (DeFi) applications. Perhaps the most impressive improvement that the Hard Fork will bring is that it will allow stakers and validators to withdraw assets from the Beacon Chain. The upgrade is expected to positively impact the Ethereum ecosystem and potentially increase the value of ETH.

BTC

FOMC Minutes (April 12)

The same day as Ethereum is raised, the Federal Open Market Committee (FOMC) will release the minutes of its last meeting. The FOMC is the arm of the US Federal Reserve responsible for setting monetary policy. BTC and altcoin investors will watch the minutes closely for insights into the Fed’s interest rates and economic stimulus plans.

US CPI Data Disclosure (April 12)

The Consumer Price Index (CPI) measures the change in prices of goods and services purchased by consumers. On April 12, the US Bureau of Labor Statistics will release March CPI data. The CPI is an important indicator of inflation that can affect the value of cryptocurrencies and the stock market.

Announcement of US PPI Data (April 13)

The Producer Price Index (PPI) measures the change in prices of goods and services at the producer level. PPI data for March will be announced on 13 April. This data is important to investors as it can provide insight into future inflation trends.

BTC

US GDP Report (April 27)

On April 27, the US Bureau of Economic Analysis will release its first estimate of the Gross Domestic Product (GDP) for the first quarter of 2023. GDP is a measure of economic activity in a country. Therefore, the report will give an idea about the strength of the US economy. BTC and altcoin investors will be watching the report closely for any signs of growth or contraction.

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