- Investors await the major events of the week that may affect the market’s performance.
- U.S. Federal Reserve officials are set to deliver a series of speeches this week.
One of the most talked-about U.S. Spot Ethereum ETFs got the go light from the SEC last week, setting off a chain reaction in the cryptocurrency market. Notably, last week, as optimism grew, Bitcoin and most altcoins rose.
It seems that investors’ trust in the digital assets market has been restored, and the trend has turned around again over the weekend. However, investors are pausing to seek greater clarification before placing further bets, which has led to some volatility. In light of this, investors await the major events of the week that may affect the crypto market’s performance.
All Eyes on Future Rates Policy
Traders in the cryptocurrency market are anticipating a number of events this week, such as comments from Federal Reserve officials and important economic data from the United States.
U.S. Federal Reserve officials are set to deliver a series of speeches this week, and the cryptocurrency market is eagerly awaiting any clues about the central bank’s future rates policy. On May 28, Fed Governor Lisa Cook, Minneapolis Fed President Neel Kashkari, and San Francisco Fed President Mary Daly are all scheduled to speak.
After that, on May 29, Raphael Bostic, president of the Atlanta Fed, and John Williams, president of the New York Fed, will also give speeches. In the meanwhile, with signs of lowering U.S. inflation, market aficionados are eagerly anticipating signals.
Also, as economic moods and policy considerations change, the cryptocurrency market will be watching the speeches closely to see how they may affect asset values.
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