BTC and Altcoins Will Be Affected! –

The past week has been significant due to the many BTC and altcoin developments outside of prices. While 3AC and FTX plan to launch and relaunch their crypto exchanges, respectively, Genesis announced that it aims to act “quickly and efficiently” to exit its bankruptcy filing. On the other hand, while Bitzlato was under investigation in the USA; Genesis, Gemini, and Nexo have been among the targets of the SEC’s escalating lawsuits against crypto assets. Apart from that, cryptocurrencies are also affected by macroeconomic developments. So what will happen next week?

What are the weekly developments that will affect BTC and altcoins?

In the last seven days, several stories have developed that may have repercussions for the next week. However, some macroeconomic developments this week will affect both traditional markets and the BTC and altcoin space. First of all, on Monday, markets in China and South Korea will be out of business due to the Chinese New Year. This holiday will continue for one more week. As we reported, Bitcoin historically performs well at the start of the New Year holiday celebrated in much of Asia. Therefore, some experts may be expecting a rise in BTC.

On the other hand, European markets will be active tomorrow. Tomorrow at 17.30 Turkish time, European Central Bank board member Fabio Panetta’s speech will take place, followed by a statement by the bank’s president, Christine Lagarde, at 20.45. Other than that, tomorrow is Genesis’ first hearing in Chapter 11 bankruptcy.

Important data draws attention in the USA

US production and services PMI figures will be released on Tuesday, January 24, at around 5:45 pm. Lagarde will also make a statement on Tuesday at 12:45 Turkish time. On Wednesday, the European Central Bank will hold a policy meeting. Unemployment claims will be announced in the US on Thursday at 16.30 Turkish time. The previous number of jobless claims was 190 thousand and experts expect the data to reach 199 thousand this month.

10x for 2 Altcoins on Binance

Apart from that, the Gross Domestic Product (GDP) of the USA will be determined on the same day. The previous number for this data was 3.2 percent. Experts expect a change of 2.8 percent. On Thursday, the figures for unemployment benefits in the US will be released lastly.

Finally, ECB President Christine Lagarde will make another speech at 13:30 on Friday. At 16.30 CEST, monthly and annual PCE price index will be announced in the USA. In terms of cryptocurrencies, 42.9 million Ronin (RON) coins and 16.8 million Yield Guard Games (YGG) coins will be unlocked on Friday.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on are carried out through third-party advertising channels. In addition, also includes sponsored articles and press releases on its site. For this reason, advertising links directed from are on the site completely independent of’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on and the pages directed by the links in the sponsored articles do not bind in any way.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3