As every week, today brings essential developments for cryptocurrency enthusiasts. Since 2020, the cryptocurrency markets have become significantly more sensitive to macroeconomic changes, with data, announcements, and market movements inducing notable volatility. What crucial advancements should we anticipate in the cryptocurrency markets in the coming days?
Key Developments in Cryptocurrency
Tensions regarding tariffs recently peaked, and Trump’s announcement of a 90-day pause indicates that the strain might be easing. Moreover, recent steps back and optimistic statements concerning trade agreements suggest that the worst days may be behind us. If we do not witness contradictory movements in the upcoming days, cryptocurrency prices could gain upward momentum.
Now, let’s look at the specific days and times to see what awaits us.
April 14, Monday
- 19:00 Fed/Barkin Speaking
- 20:00 Fed/Waller
April 15, Tuesday
- 01:00 Fed/Harker
- 02:40 Fed/Bostic
- Render Event (RenderCon 2025)
April 16, Wednesday
- 15:30 U.S. Retail Sales (Expectation: 1.4% Previous: 0.2%)
- 19:00 Fed/Hammack
- 20:30 Fed Chair Powell Speaking
April 17, Thursday
- 14:00 Central Bank Rate Decision (Expectation: Unchanged)
- 15:15 European Central Bank Rate Decision (Expectation: 2.25% Previous: 2.65%)
April 18, Friday
Will Cryptocurrency Prices Rise?
The statements from Fed members are crucial these days. On Friday, remarks indicated that the Fed would not hesitate to intervene when necessary. If bonds do not stabilize, we could witness a scenario where monetary tightening is reversed alongside Fed purchases. Powell’s messages will also play a significant role.
Although this year’s inflation data fell well below expectations, the effect of declining oil prices on inflation remains uncertain. Powell’s messages on Wednesday could yield significant outcomes based on leading indicators and existing projections.
This year’s expectation for interest rate cuts has decreased from 5-6 to 3, now starting in June. If Powell maintains a hawkish stance, pressure on cryptocurrency prices may persist into next week. The European Central Bank will announce its rate decision in line with tariff expectations, while the Central Bank of Turkey might stir the TRY pairs with a surprising cut.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.