Cryptocurrency and bitcoin While there is a new wave of decline in the market, especially hitting altcoins, users will follow these developments next week.
Monday (December 19)
Sam Bankman-Fried, ex-CEO of FTX, imprisoned in the Bahamas, is expected to withdraw his request to appeal his extradition to the United States. Bankman-Fried stated at the first hearing that he did not want to be extradited to the United States.
In September, the Russian government asked the Central Bank and the Ministry of Finance to reach an agreement on cryptocurrency regulation by December. A statement on the matter is expected on Monday.
Tuesday (December 20)
Housing starts for November will be announced in the US on Tuesday.
According to CNBC analyst Jim Cramer, the Census Bureau’s report on housing construction on Tuesday morning is notable for the rise in house prices during the Covid pandemic. Building more homes is a way to drive prices down and help reduce inflation in general.
However, Cramer warned that concerns about the US economy make November housing starts less likely to be strong.
Thursday (December 22)
The Central Bank of the Republic of Turkey (CBRT) will announce its interest rate decision at 14:00. In the last meeting, it was announced that the interest rate cut cycle was ended.
Data on US Unemployment Claims will be released at 16:30 CEST.
At 16:30 CET, the USA will announce its GDP figures for the third quarter of 2022 and will give the markets clues about the upcoming rate hikes, economic health, growth outlook and more.
Friday (23 December)
Personal consumption expenditures (PCE) price index for November will be announced in the USA.
November personal consumption expenditures (PCE) price index
Monthly core increase: Expected 0.2%
Annual core increase: Expected 4.6%
The core PCE is the Federal Reserve’s favorite inflation indicator. This indicator excludes food and energy. Cramer said the Fed may need to keep its feet on the gas if PCE data shows inflation is “still hot.”
*Not investment advice.
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