The cryptocurrency market is bracing for a pivotal week ahead, marked by a series of important economic developments and altcoin events that could significantly impact prices. Recently, the market has experienced notable declines, with Bitcoin dropping 10% and Ethereum plummeting 17%. Other major cryptocurrencies like BNB and XRP also faced losses of 12%, while Solana fell by 15% during the past week.
As we look toward the upcoming week, a range of scheduled events may provide new momentum for the market. Below is a detailed calendar of events that crypto enthusiasts should monitor closely.
Weekly Schedule of Key Events
Monday, February 2: The release of the SWARMS Framework v9.0.0 update is anticipated. Additionally, a significant meeting is set to take place involving US President Donald Trump, Coinbase, and prominent industry leaders to discuss the Clarity Act.
Tuesday, February 3: This day will see the release of Palantir“s earnings report, alongside the CHZ Vision 2030 summit and the Ondo Summit. Furthermore, Lido Finance is set to unveil V3 of its platform.
Wednesday, February 4: The STABLE Mainnet update is scheduled, while the deadline for the ELIZAOS network migration approaches. Market analysts are also anticipating a potential trade agreement between the US and the European Union.
Key economic figures will be released, including the Euro Area Consumer Price Index (CPI) at 13:00, expected to show an annual rate of 1.8%, slightly down from 1.9%. Following that, at 16:15, the US ADP Non-Farm Payrolls Change is forecasted to rise to 48,000, up from 41,000.
Thursday, February 5: Helium will host a live meeting, and MicroStrategy is expected to release its earnings report. At 15:00, the Bank of England will announce its interest rate decision, likely maintaining the current rate. Later, at 16:15, the European Central Bank will also announce its interest rate decision, with expectations of no change. Additionally, at 16:30, US Initial Jobless Claims are projected at 213,000, a slight increase from the previous 209,000.
Friday, February 6: The LINK Converge Hackathon will take place. Economic data released this day will include US Average Hourly Earnings, Non-Farm Payrolls, and Unemployment Rate, all critical indicators for the market. The Average Hourly Earnings are expected to remain steady at 0.3%, while Non-Farm Payrolls are projected at 67,000 and the Unemployment Rate at 4.4%.
With these developments on the horizon, market participants should remain vigilant as they could influence trading strategies and overall market sentiment.
