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Overview of Cryptocurrency Market Trends and Altcoin Activities

Jun 16, 2024

This week saw a downturn in the cryptocurrency market, led by Bitcoin's performance following the Federal Reserve's decision to maintain interest rates and anticipate a single rate cut of up to 25 basis points in the upcoming period.

Currently, the leading cryptocurrency is valued at $66,550, marking a decline of approximately 4.50% over the previous week.

Despite this market turbulence, several economic developments and altcoin events are set to unfold in the coming week, as outlined in the cryptocurrency calendar provided by Bitcoinsistemi.com.

Monday, June 17

  • OMG-WAVES-WNXM-XEM set for delisting by Binance.
  • Houston update release for RPL.
  • Introduction of a new digital asset product by Tether under USDT.
  • Dragon8 hardfork implementation for CHZ.
  • ENA's Tokenomics update release.
  • Resumption of farming activities for ALEX.
  • Opening of zkSync airdrop claims for AK.

Tuesday, June 18

  • GALA to be delisted by Bithumb.
  • Commencement of SOPH farming for BEAM.
  • Mainnet update vote by XLM.
  • Staking beta phase launch by OLAS.
  • Voting on ZenIP 42406 proposal by The ZEN.
  • Consideration of a Treasury fee change proposal by COTI.
  • 12:00 - Euro Zone Consumer Price Index (CPI) Annual (Expected: 2.6%, Previous: 2.4%).

Wednesday, June 19

  • Conclusion of the SSV - MM proposal voting.
  • Stepn GO announcement by GMT.
  • LISTA IFO sale for CAKE.
  • Testnet update for FLOW.
  • Release of Solidity 0.8.23 by XDC.

Thursday, June 20

  • Listing of LISTA on Binance.
  • Introduction of BOME-NOT on Coinbase futures.
  • Tycho hardfork implementation for BNB.
  • Launch of SPL404 by SILLY.
  • Introduction of 2 new PVP arenas by VR.
  • NextX Testnet update for TRIAS.
  • 14:00 - UK Interest Rate Decision (Expected: No change).
  • 15:30 - US Initial Unemployment Claims (Expect: 235k, Previous: 242k).

Friday, June 21

  • The 'Quadruple Witching Day' event in the USA financial markets, involving the simultaneous expiration of four different futures and options sets.

Disclaimer: This content is provided for informational purposes and does not constitute financial advice.

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