This week will see the incoming of big crypto events, data points, and keynote speeches and hence, is assumed to have a great impact on the crypto world. The market for anticipation will be keeping an eye on the economic data to ascertain the ultimate course of Bitcoin prices and any prospective bull run.
Let’s have a look at these game-changing crypto events that will determine the upcoming Bitcoin Bull run.
Major Crypto Events This Week –
| Name Of The Event | What’s It All About? |
| US Retail Sales | Powell and his companions have stated that they would like a labor market where supply and demand are more evenly distributed. The March inflation figures, however, suggested that this would not happen very soon. Some investors are of the view that little prospect of inflation increasing once more is possible. The deceleration in the increase in employment and income serves as evidence of this. The upcoming US non-farm payroll data would be very crucial in confirming this idea. Positive data indicators may improve investor confidence and set off a Bitcoin bull run as a result of Bitcoin Halving in April. |
| Name Of The Event | What’s It All About? |
| Philip Jefferson Speaks | As per the update, one of the major crypto events, this event would see the Fed Vice Chair Philip Jefferson speak. “Fed” stands for Federal Reserve System and is the central bank of the United States. Historically, investors have depended heavily on the Federal Reserve’s rate choices when evaluating assets. The cryptocurrency markets would profit from increased risk appetite and strong purchasing power if the rate declined soon. This might support the notion of an ongoing Bitcoin boom. |
| Name Of The Event | What’s It All About? |
| Bitcoin Halving | The anticipated Bitcoin Halving is scheduled for April 2024 and is one of the most significant crypto events of the year. BTC Halving takes place every four years with the opening of 21,000 more blocks. By gradually, lowering the rewards for miners, it helps maintain the chain of supply and demand. It is believed that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is also the innovator of this system of the introduction of the new cryptocurrency. |
These were the three events that crypto investors are eyeing to get a hint of what the potential bull run would be like.
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
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