Friday will be a crucial day for financial markets, especially the cryptocurrency market, as three major events will occur that could lead to significant volatility:
1️⃣ US unemployment report:
• If unemployment rises, it may support cryptocurrencies due to the likelihood of easing monetary policy.
• If unemployment decreases, it could lead to a market downturn due to the Fed continuing to raise interest rates.
2️⃣ Speech by Jerome Powell (Chair of the US Federal Reserve):
• If it indicates further monetary tightening, it could pressure the crypto market.
• If it hints at stopping interest rate hikes, we may see a strong rise in Bitcoin and cryptocurrencies.
3️⃣ White House summit on cryptocurrencies:
• Positive results (support for innovation, easing regulations) could lead to a market rise.
• Negative results (strict regulatory constraints, taxes) could lead to a strong sell-off.
🚀 What does this mean for investors?
• Volatility will be very high on Friday, and Bitcoin and USDT dominance should be monitored closely.
• Speculators may find strong trading opportunities, but the risk will be high.
• Long-term investors should monitor the impact of these events without panic.
Friday will be a pivotal day in the cryptocurrency market, and it is essential to follow the news and updates moment by moment!