• The upcoming week is anticipated to be a turning point for the crypto market, with a series of macro events that could have a significant impact on stock and crypto markets.
• The US Federal Reserve is set to convene for a pivotal meeting on May 2-3, where voting on potential interest rate hikes will take place.
• The European Central Bank (ECB) policy decision on 4th May could also have an influential effect on digital assets.
Next Week’s Top Macro Events: A Turning Point For The Crypto Market
US Federal Reserve’s Interest Rate Decision
The US Federal Reserve is set to convene for a pivotal meeting on May 2-3, where voting on potential interest rate hikes will take place. Market participants are eagerly awaiting the likely outcome – a 25 basis point rate increase – at this crucial May FOMC event. Subsequently, the Fed is anticipated to pause its rate hike trajectory, starting with the June 13-14 FOMC meeting. A rise in interest rates may significantly plunge the crypto market and strengthen the dollar. Moreover, the global crypto market cap can witness massive liquidation from investors.
ECB Monetary Policy
The European Central Bank (ECB) plays a vital role in shaping the Eurozone’s economic landscape through its monetary policy and interest rate decisions. As the crypto market continues to interact with traditional financial systems, the potential influence of ECB policy on digital assets is becoming increasingly relevant. As such, ECB’s monetary policy decision on 4th May could also have an influential effect on digital assets.
Potential Impact of Macro Events On Crypto Market
The anticipation of forthcoming macro events is stoking volatility and creating an electrifying atmosphere in the crypto sphere as investors brace themselves for potential interest rate hikes next week. Overhe past several days,the crypto market has experienced dramatic fluctuations amid concerns surrounding these events which may drive crypto markets trend next week.
Normalization Of Monetary Policy
As normalization of monetary policies continues throughout 2021 and beyond, it’s important to keep track of these macro events that can potentially have large impacts in both traditional markets as well as cryptocurrencies alike – especially when they coincide or overlap with each other!
Conclusion
As we enter into another important week full of potentially impactful macro events, it’s essential that investors remain aware so as not to miss out any significant developments which may affect their portfolios – both short term and long run!