Crypto Markets Propel Forward with Exciting Developments

Significant Developments in Cryptocurrencies

Just like every week, we’ll delve into significant developments expected in the upcoming days for cryptocurrencies. Macroeconomic data and events specific to crypto significantly impact the charts. Although trading volumes are thin due to the holiday season, new developments are on the horizon. Let’s quickly glance at these.

December 29, Monday

Events include the release of HYPE’s token unlock, comprising 2.59% of its supply.

December 30, Tuesday

Key events include the US ADP Weekly Employment Change report at 4:15 PM and the FOMC meeting minutes at 10:00 PM. KMNO token unlock, making up 5.35%, is also scheduled.

December 31, Wednesday

The day features the US Initial Jobless Claims at 4:30 PM and the US Chicago PMI expectations for 39.5, with a previous value of 36.3.

January 1, Thursday

The markets are closed for the holiday. Token unlocks include OP at 1.65%, SUI at 1.17%, and EIGEN at 9.74%.

January 2, Friday

The key event is the US S&P Manufacturing PMI final report at 5:45 PM, with an expectation and previous value of 51.8. ENA token unlock at 0.56% also takes place.

Attention on Cryptocurrencies

Due to the Christmas holiday, a festive mood prevails in global markets, and apart from a few altcoin token unlocks, there aren’t significant developments. The week is expected to be calm due to year-end, but January will kick-off swiftly. Ethereum will initiate the BPO hard fork on January 7, and the decision on MSCI crypto reserve companies is anticipated by January 15. Additionally, a Supreme Court decision regarding customs tariffs is expected soon.

Trump is about to announce the new Fed Chairman, bringing more surprises along. The week’s most significant event will be the Fed meeting minutes. Analyzing the details together with the latest inflation and employment reports will help us predict the trajectory for the new year.

Cryptocurrency charts being confined within narrow ranges might serve as an opportunity for you to take a breather during these times.