You can also read this news on COINTURK NEWS: Weekly Crypto Investor Insights
As with every Sunday morning, today we’re discussing the events of the upcoming week that concern crypto investors. We saw the market fluctuations on Fed Minutes day just a few days ago. Those who follow the week’s significant developments knew to expect high volatility on Wednesday, and the double-digit drop in altcoins wasn’t much of a surprise for them.
If you’re investing in cryptocurrency markets, you may not need to be very good at technical analysis, nor do you have to be good at everything. Not everyone needs to have technical skills. However, fundamental analysis and monitoring the news flow is something that investors of all levels can easily do on their own. By following the outcomes of news on prices, you can sense the potential effects of upcoming developments and thus take positions.
Every week, we share through COINTURK what kind of developments will occur on which day in a way that everyone can understand. Let’s quickly look at what awaits us as we head towards the end of February and the beginning of March.
The critical day of the week is Thursday, and high volatility can be expected in the crypto markets. Personal consumption expenditures need to be announced below the previous month and expectations. GDP is the second major event and will demonstrate the strength of the US economy; a bit of weakening here could be in favor of crypto investors.
On the other hand, announcements by Fed members are important. DYDX will have a significant amount of token unlocking this week, which is quite important in terms of market value.