The upcoming week is set to bring a flurry of economic updates and altcoin happenings that could greatly influence the cryptocurrency market. Bitcoin, the leading cryptocurrency, has faced challenges recently, struggling to maintain momentum above the $90,000 mark. As the week closes, it finds itself down 0.5%, hindered by early selling from cryptocurrency whales, discussions surrounding quantum risk, and broader macroeconomic factors.
As we transition into a new week, a series of notable events is scheduled that could potentially impact both Bitcoin and various altcoins. Here is a detailed breakdown of what to expect, with all times listed in UTC+3 Turkish time.
Weekly Economic and Altcoin Calendar
Monday, December 22
- MetaPlanet will conduct an extraordinary general meeting to discuss a proposal for the issuance of preferred shares.
- 18:00 – US Core Personal Consumption Expenditures (PCE) Price Index Monthly (October) (Expected: 0.2%)
- 18:00 – US Core Personal Consumption Expenditures (PCE) Price Index Annual (October) (Expected: 2.8%)
Tuesday, December 23
- 16:30 – US Gross Domestic Product (GDP) Quarterly (Expected: 3.2%, Previous: 3.8%)
Wednesday, December 24
- US markets will close early due to Christmas.
- 16:30 – US Initial Jobless Claims (Expected: 220k, Previous: 224k)
Thursday, December 25
- US markets are closed for Christmas.
- Final day for voting on Uniswap“s proposal to burn 100 million UNI tokens.
- The Irys chain”s airdrop distribution will conclude.
Friday, December 26
- Approximately $23 billion in Bitcoin options will expire, which could heighten volatility in the market.
Saturday, December 27
- LayerZero will wrap up its third fee switch vote. If successful, the funds will be allocated for buybacks and token burning.
As these developments unfold, traders and investors will need to remain vigilant. The interplay of economic indicators and altcoin events may create opportunities and risks in the ever-evolving landscape of cryptocurrency.
