This week the cryptocurrency market is set to experience important events that could affect asset prices and investment decisions. Let's look at key events by day.
Major Events of the Week
Several important events are scheduled for this week.
**Monday, May 5**: - The first tariff agreement is expected to be signed. - 10:00 - Turkey, inflation (Expectation: 38%, Previous: 38.1%) - 16:45 - USA, S&P Services PMI (Expectation: 51.2, Previous: 51.4)
**Tuesday, May 6**: - 15:30 - USA, trade balance (Expectation: $136.7 billion, Previous: -$122.7) - 19:00 - Trump to meet Carney (Canada) - Sonic (S) Summit
**Wednesday, May 7**: - 17:00 - Bessent to testify at House Panel - 21:00 - Fed interest rate decision (Expectation: Unchanged) - 21:30 - Powell to speak
**Thursday, May 8**: - 17:00 - AI CEOs to testify at Senate hearing
**Friday, May 9**: - 13:15-18:30 - Fed’s Williams, Kugler, and Goolsbee to speak.
Impact on Cryptocurrencies
The signing of the tariff agreement could boost investor confidence in cryptocurrencies, especially if reached with a significant partner. The Trump-Carney meeting may also impact the market depending on the tone of statements made.
Expected Market Changes
On Wednesday, an important statement from Powell regarding interest rates is anticipated. The cryptocurrency market may react to the signals given by the Fed. Experts predict that activity around Bitcoin and altcoins will be heightened throughout the week.
This week promises to be eventful, with potential impacts on cryptocurrency markets. Investors should closely monitor new data and statements.
