I’m going to tell you why this week is going to be the most important week for #crypto2023 Trust me, you don’t want to miss this.

Tuesday 13th June 2023

First of all, on Tuesday we have the US CPI data, which measures the inflation rate in the US. This is a huge indicator of how the economy is doing and how the Fed might react. If the inflation rate is higher than expected, that could mean more pressure on the Fed to taper its stimulus and raise interest rates, which could be bad for crypto. But if the inflation rate is lower than expected, that could mean more room for the Fed to keep its stimulus and low interest rates, which could be good for crypto.

Also on Tuesday, we have the Hinman docs becoming public. These are the documents that show what former SEC director William Hinman said about Ethereum and whether it was a security or not. This is very relevant for the ongoing lawsuit between the SEC and Ripple, which claims that XRP is a security. If the Hinman docs show that #Ethereum was not a security, that could be a huge win for Ripple and XRP holders. But if the Hinman docs show that Ethereum was a security, that could be a huge blow for Ripple and $XRP holders.

Another thing happening on Tuesday is the SEC’s Coinbase rulemaking response. This is about the SEC threatening to sue Coinbase if they launch their Lend product, which would allow users to earn interest on their crypto holdings. Coinbase has asked the SEC to explain why they think Lend is a security and what rules they are breaking. The SEC has to respond by Tuesday and we will see if they will back off or escalate the situation. This could have major implications for Coinbase and other crypto lending platforms.

And finally, on Tuesday we have the #Binance US hearing. This is about the CFTC investigating Binance for allegedly allowing US customers to trade derivatives without registering with them. Binance has to appear in court and defend themselves against these allegations. This could affect Binance’s reputation and operations in the US and globally.

As you can see, Tuesday is packed with events that could move the crypto market in either direction. But wait, there’s more.

Wednesday 14th June 2023

On Wednesday, we have the US PPI data, which measures the producer price index or how much producers are paying for their inputs. This is another indicator of inflation and how it affects businesses and consumers. Again, depending on how this data comes out, it could influence the Fed’s decisions and the crypto market’s reactions.

Also on Wednesday, we have the FOMC meeting, which is when the Fed announces its monetary policy and interest rate decisions. This is probably the most anticipated event of the week as everyone wants to know what the Fed will do next. Will they announce tapering? Will they hint at raising interest rates? Will they keep everything unchanged? Whatever they say, it will have a huge impact on the crypto market as well as the stock market and the dollar.

Thursday 15th June 2023

On Thursday, we have the US jobless claims data, which measures how many people filed for unemployment benefits in the past week. This is a measure of how well the labor market is recovering from the pandemic and how confident people are in finding jobs. If this number is lower than expected, that could mean more optimism and more spending power for consumers, which could be good for crypto. But if this number is higher than expected, that could mean more pessimism and less spending power for consumers, which could be bad for crypto.

And finally, on Thursday we have the US retail sales data, which measures how much consumers are spending on goods and services. This is a measure of how strong consumer demand is and how well the economy is growing. If this number is higher than expected, that could mean more growth and more inflation, which could be good or bad for crypto depending on how you look at it. But if this number is lower than expected, that could mean less growth and less inflation, which could also be good or bad for crypto depending on how you look at it.

So there you have it guys, this week is going to be crazy for crypto and you need to be prepared for anything. Make sure you follow me for more updates and analysis throughout the week. And don’t forget to like and subscribe.