Top Crypto Market Events To Watch This Week- Bearish or Bullish?

Frank Bevah
Frankbevah is a Senior Crypto Market Analyst and Stock & Crypto Journalist with 4 years of experience. He specializes in market analysis, trends, and reporting on the dynamic crypto and stock markets, providing insights and expert commentary.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Top Crypto Market Events To Watch This Week- Bearish or Bullish?

Highlights

  • This week crypto market event could influence the future of regulation.
  • Recovery of Bitcoin and Ethereum indicates possible bullish markets.
  • Key economic data could influence future Federal Reserve policy actions.

The crypto market has seen a notable recovery, with the market cap surging by 1.35% to $2.41 trillion on Sunday. This rally was fueled by recent advancements in altcoins like DOGE, PEPE, and Pi (PI), being one of the most gainers today.

Meanwhile, the wider crypto market has recovered, with Bitcoin leading. In the last 24 hours, Bitcoin has increased by 5%. This has contributed to the daily gains of other top coins like Ethereum, XRP, Cardano, and Solana.

Key Crypto Market Events This Week

Looking ahead, several major events are expected to influence the crypto market’s trajectory. The crypto market structure bill in the U.S. Senate is one of the most crucial developments that has faced a lot of impediments.

The stalemate in negotiations over the stablecoin yield provisions has resulted in a standoff, and the White House has called on both parties to compromise before the month ends. This legislation is necessary because it may shape the future of cryptocurrency regulation in the U.S.

FOMC Events and Fed Policy Signals

On Monday, February 19, FOMC Vice Chair Lael Brainard is set to deliver a highly anticipated speech. The stockholders are keen to hear her words concerning the Federal Reserve level of addressing the problem of inflation and interest rates. 

The speech could be passing very crucial data on the future policy decisions taken by the Fed particularly when considering the option of reducing the rate or readjusting its economic growth policy.

Her words are likely to predetermine the tone of the entire week course, market, and investor activity, particularly in such a risky investment as crypto.

Key Economic Data and Fed Insights to Watch

On Wednesday, February 21, the Federal Reserve will release the minutes from its January meeting, offering further clarity on the central bank’s stance on monetary policy. 

The minutes are likely to be very informative about the outlook of the Fed, especially interest rates and rate of possible policy changes.

Furthermore, the Fed will release an update of its balance sheet on Thursday, February 22, which will provide insight into the level of liquidity and any changes in the strategy of the bank.

The week will end on Friday, February 23, as the U.S. will release data on GDP in the fourth quarter and the core PCE price index, an important Fed indicator of inflation. These are important economic reports that may have a great effect on the market expectations and future Federal Reserve policy actions.

To sum up, the future of the cryptocurrency market this week depends on such important events as the crypto bill in the U.S. Senate and the developments of the Federal Reserve policies. Speeches, economic data, and regulatory decisions will shape market sentiment, which will become a critical time of the year to investors.

Advertisement

Frequently Asked Questions (FAQs)

1. What is the U.S. Senate's crypto market structure bill?

The crypto market structure bill is legislation in the U.S. aiming to establish a clear framework for cryptocurrency regulations. It has faced delays due to disagreements over stablecoin yield provisions but could significantly influence the regulatory future of digital assets.

2. How will the FOMC meeting minutes affect the crypto market?

The FOMC meeting minutes, scheduled for release on February 21, will provide insights into the Fed’s approach to inflation, interest rates, and economic growth, which will influence investor sentiment and potentially drive crypto market movements.
coingape google news

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Frankbevah is a Senior Crypto Market Analyst and Stock & Crypto Journalist with 4 years of experience. He specializes in market analysis, trends, and reporting on the dynamic crypto and stock markets, providing insights and expert commentary.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.