Entering the Critical Week: These Economic Developments That May Affect Bitcoin and Altcoins Will Be Followed in the New Week!

Cryptocurrency While a week with high volatility in the market is left behind, a busy week is entering especially for the economic data from the USA.

Here are the economic developments concerning cryptocurrencies this week.

Monday, May 1

MicroStrategy will announce its balance sheet. The company, run by Michael Saylor, has a large amount of Bitcoin.

Tuesday, May 2

12:00 – Eurozone Annual Inflation Data (Exp.: 7.0%, Previous: 6.9%)

The consumer price index (CPI) is a measurement that tracks changes in the prices of a selected group of goods and services over time. It is one of the most popular measures of inflation and deflation.

Wednesday, May 3

15:15 – US ADP Non-Farm Employment Data (Exp.: 143,000, Previous: 145,000)

The ADP Non-Farm Employment Change is an economic indicator published monthly by Automatic Data Processing, usually two days before the NFP Report. Estimates the change in US non-farm private employment excluding the government sector. Based on payroll data from approximately 400,000 US business customers.

21:00 – FOMC statement will be released.

21:00 – FED will announce its interest rate decision (Expectation: 25 basis points interest rate increase)

21:30 – Fed Chairman Jerome Powell will speak at the FOMC press release.

Thursday, May 4

15:15 – European Central Bank Monetary Policy Statement

15:15 – European Central Bank Rate Decision (Expectation: 25 basis points interest rate increase)

15:30 – US Initial Unemployment Claims Data (Expected: 240,000, Previous: 230,000)

15:45 – European Central Bank Press Conference

17:15 – European Central Bank President Lagarde to Speak

Friday, May 5

15:30 – US Non-Farm Employment Data (Expected: 180,000, Previous: 236,000)

15:30 – US Unemployment Rate Data (Exp.: 3.6%, Previous: 3.5%)

*Not investment advice.