The cryptocurrency market experienced a decline last week due to global political instability and conflicts.
Current Situation on the Crypto Market
Bitcoin's price fell from $110,000 to $103,000, but has since recovered and is trading at $105,500 at the time of writing. Almost all altcoins, except Ethereum, have also seen significant losses.
Cryptocurrency Event Calendar for the Week
Several significant events are planned for the upcoming week: on June 16, an announcement regarding the TRUMP memecoin is expected, as well as the deactivation of Lido on the Polygon network. June 17 will mark the beginning of airdrop rewards from Nansen. On the same day, the Bank of Japan will announce its interest rate decision, which is expected to remain unchanged. Several tokens are also set to unlock, including ZKsync and ApeCoin. On June 18, the Eurozone will present Consumer Price Index data, followed by the anticipated FOMC interest rate announcement at 21:00.
Expectations and Key Points
Markets in the US will be closed this Thursday, while the BTC Prague 2025 event will commence. Investors and market participants are closely monitoring these events for potential impacts on future price movements.
The cryptocurrency market is exhibiting volatility influenced by global occurrences, and the coming week holds several critical developments that could significantly affect its trajectory.
