🚀🚀📊🔥Next Week in Crypto: Key Events to Watch (Jan 20th - Jan 26th, 2025) 🗓
Next week features a suite of important events—from significant token unlocks to key US economic data. Here’s what to keep on your radar:
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🔐 Token Unlocks
- January 22 – ENA Unlock
Ethena (ENA) will unlock 12.86 million tokens, valued at approximately $11 million, representing 0.42% of its circulating supply.
- January 24 – IMX Unlock
Immutable (IMX) is set to unlock 24.52 million tokens, worth approximately $32 million, accounting for 1.43% of its circulating supply.
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📊 Key US Economic Data Release
- January 23 – Initial Jobless Claims
With cryptocurrency markets reacting positively to this week's lower-than-expected Core Consumer Price Index (CPI) reading, despite the overall inflation picture showing an increase compared to previous readings, next week's most notable economic data release will be the weekly Initial Jobless Claims report.
While this data point alone isn’t typically decisive enough to influence markets, lower claims would indicate a strong job market, supporting the likelihood of fewer rate cuts in 2025—a scenario that could weigh on markets. Conversely, higher-than-expected claims could signal job market weakness, increasing the chances of rate cuts, which might be viewed as bullish for markets.
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That’s all for next week’s key events! Stay tuned, and we’ll be back with more updates in the next roundup. PLEASE LIKE AND FOLLOW 🔥🔥🤓📊
