A Warning for the Coming Week: Significant Economic and Altcoin Events on the Horizon
The cryptocurrency market saw a significant drop this week, in line with gold, following positive US economic data. The sudden downturn led to approximately $300 million worth of short positions being liquidated.
However, the upcoming week is expected to bring even higher levels of volatility. It is shaping up to be a crucial period. Here is a detailed cryptocurrency calendar for the week ahead:
Monday, June 10
– Markets in China and Hong Kong will be closed for holidays.
– Apple WWDC 2024 Event is scheduled, potentially impacting AI altcoins like Render.
– ZKJ to launch Polyhedra staking.
– Aark and The Arena to host token creation and generation events, respectively.
Tuesday, June 11
– Franklin Templeton to make an Ethereum ETF decision.
– FET to combine three altcoins (FET, AGIX, OCEAN) as ASI.
Wednesday, June 12
– Kraken to have a SEC lawsuit hearing.
– GRT to release Sunbeam update.
– EtherMail to host a token creation event.
– US economic data releases, including Core Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) announcements.
Thursday, June 13
– ALEX to be listed on Bithumb.
– ZkSync and AR to host token creation and launch events.
– More US economic data releases.
Friday, June 14
– CHZ to kick off Euro 2024.
– CYBER to launch Mainnet staking.
– US Federal Reserve Monetary Policy Report.
Please note that this information is not investment advice. For trading in over 300 cryptocurrencies, consider registering with Binance exchange with a 20% commission discount.
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