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Neiro Ethereum(NEIRO) $0.13 -3.48%

Toncoin(TON) $4.72 +2.18%

Solana(SOL) $128.05 +2.27%

Ethereum(ETH) $2,283.61 +2.23%

Aevo(AEVO) $0.32 +5.77%

Simon's Cat(CAT) $0.00 +10.82%

Notcoin(NOT) $0.01 +4.09%

Pepe(PEPE) $0.00 +1.65%

Sui(SUI) $0.89 +5.73%

GameStop(GME) $0.01 -3.83%

Bitget Wallet Token(BWB) $0.42 +2.48%

Akash Network(AKT) $2.28 +0.66%

XRP(XRP) $0.53 +1.33%

Polygon(MATIC) $0.37 +1.38%

Render(RENDER) $4.77 +0.91%

SATS(1000SATS) $0.00 +9.40%

OriginTrail(TRAC) $0.51 +6.98%

Qtum(QTUM) $2.12 +2.37%

Investors Track Key Cryptocurrency Developments

By COINTURK NEWS

3 months ago

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You can also read this news on COINTURK NEWS: Investors Track Key Cryptocurrency Developments

As every Sunday, today we discuss important developments concerning cryptocurrency investors. Keeping a close watch on the calendar and being prepared for upcoming events is crucial for investors. If you fail to follow key developments, you won’t understand the reasons for price volatility and will often be caught unprepared for the fluctuations.

Important Cryptocurrency Developments

Friday’s PCE data was excellent and caused BTC price to rise. Then the Japanese crypto exchange DMM Bitcoin was hacked, and things suddenly turned around. The first was a predictable price movement, and the second was a surprise for crypto investors. Even a single day is enough to highlight the importance of closely following the news flow along with the nature of crypto.

Monday, June 3

16:45 US Manufacturing PMI (Expectation: 50.9)
17:00 ISM PMI (Expectation: 49.8)

Tuesday, June 4

17:00 US JOLTS (Expectation: 8.4M Previous: 8.48M)
Mina Protocol, Berkeley Update

Wednesday, June 5

15:15 US ADP Non-Farm Employment Change (Expectation: 175K Previous: 192K)
16:45 US Services PMI (Expectation: 54.8 Previous: 54.8)
US Financial Services Committee will hold an RWA meeting.

Thursday, June 6

15:30 US Initial Jobless Claims (Expectation: 215K Previous: 219K)

Friday, June 7

15:30 US Average Hourly Earnings/Monthly (Expectation: 0.3% Previous: 0.2%)
15:30 US Non-Farm Payrolls (Expectation: 185K Previous: 175K)
15:30 US Unemployment Rate (Expectation and Previous: 3.9%)

Pay Attention to Cryptocurrencies

The most critical day of the week will be Friday. Wage increases and employment data are expected to increase volatility. The unemployment rate should rise, non-farm employment should fall, and the rate of increase in average earnings should slow. On Tuesday, the Mina Coin price may rise for a while as an important milestone will be crossed with the Berkeley update. You can find details by searching for Berkeley in the search section.

The ADP data could lead to an initial increase in volatility as it serves as a leading indicator for Non-Farm Payrolls. On the other hand, the meeting on Thursday in the House of Representatives subcommittee regarding the tokenization of real-world assets could affect altcoins (such as LINK) in this area.