The cryptocurrency market remains directionless and dull.
Major developments are expected this week that could impact investments.
Investors should be prepared for potential market volatility.
What investors should watch for
This month’s data showed some easing on the employment front and slower wage growth. However, Fed members highlighted the risk of further tightening due to poor first quarter inflation data. Important developments in the coming days are as follows.
Monday, May 13
12:00 EU economic forecasts
16:00 Fed/Jefferson
16:00 Fed/Masters
Tuesday, May 14
15:30 US core PPI (expected: 2.3%, previous: 2.4%)
16:10 Fed/Chef
17:00 Fed/Powell to speak
Google Developer Conference
DYDX ($4.3 million) unlocked
Alibaba earnings
Wednesday, May 15
15:30 US core CPI (expected: 3.6%, previous: 3.8%)
15:30 US core retail sales (expected: 0.2%, previous: 1.1%)
19:00 Fed/Kashkari
22:20 Fed/Bowman
SEC 13F filing (will answer who has more than $100 million in assets to buy BTC ETFs)
STRK ($78 million)
NETWORK ($680 million) =Million)
AEVO ($1.04 billion)
BCH network upgrade
Thursday, May 16
15:30 US initial jobless claims (previous period: 231K)
17:00 Fed/Barr
17:30 Fed/Harker
18:30 Fed/Masters
22:50 Fed/Bostic
ARB ($93.02 million)
Walmart earnings report
Not a coin list
Friday, May 17
12:00 EU CPI (expected: 2.4%)
17:15 Fed/Waller
APE ($19 million)
IMX ($57 million)
RNDR ($8.2 million)
Saturday, May 18
Manta ($11 million)
Rose ($14.6 million)
Sunday, May 19
Pixel ($20.4 million)
Baby Doge NFT Market
Note: NVIDIA earnings will be released on May The final decision date for the VanEck ETH ETF is May 23, and the decision may be announced earlier. The final date for Ark&21Shares is May 24. AVAX will unlock $321 million worth of assets on May 22. Finally, ASI will launch on May 24, causing volatility in FET, AGIX, and OCEAN this week.
What investors should watch out for
In addition to the details in the first section, the NVIDIA earnings report released on May 22 may see positive differentiation in AI-focused altcoins next week. RNDR has been rising significantly for some time. Investors who hope that NVIDIA's earnings will be better than expected believe that this will support AI-focused tokens. Therefore, identifying the right selling point on the days of purchase expectations can be profitable.
US Inflation
All cryptocurrencies will see high volatility this week with the arrival of April inflation data. On the other hand, unlocking is also likely to cause volatility in altcoins.
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