Those 12 Developments Next Week Are Critical For Cryptocurrencies!

The coming week will host a number of important developments that have the potential to impact cryptocurrencies as well as global markets. Starting from Monday, the speeches of US Federal Reserve (Fed) officials will attract attention. Additionally, inflation data and lock openings from Turkey will be on the agenda of the markets. Here are some developments that investors should follow…

Those developments are critical for crypto currencies

As we leave another week behind, investors' eyes are on the coming week. Cryptocurrency investors, in particular, are eagerly awaiting the developments. First of all, tomorrow, the following developments are critical:

• 03:00: Fed President Jerome Powell will give a speech at the Economic Club. In his speech, Powell is expected to give signals about his views on the economy and monetary policy. Investors will watch Powell's speech carefully for clues about inflation and interest rates.
• 10:00: Turkish Statistical Institute (TUIK) will announce January inflation data. It is stated that markets expect inflation to be around 64.5%. A possible increase in inflation will cause the Turkish Lira to lose value and fluctuations in the markets.
• 22:00: Fed's Atlanta Regional President Raphael Bostic will give a speech. Bostic is expected to make evaluations about the economy and monetary policy in his speech.

### FED statements attract attention in the middle of the week

On Tuesday and Wednesday, the statements of the following important FED officials will attract attention:

• Tuesday, 20:00: Fed's Cleveland Regional President Loretta Mester will give a speech. Mester is expected to share his views on the economy and monetary policy, like Powell and Bostic.
• Polygon Etrog Upgrade: There will be an upgrade called Etrog on the Polygon network. This upgrade aims to increase the scalability and security of the network.
• Astar DApp Staking V3: DApp Staking V3 is planned to be launched on the Astar network. In this way, users will be able to earn rewards by staking on DApps.
• Wednesday, 20:30: Fed's Richmond Regional President Thomas Barkin will give a speech. Barkin is expected to make evaluations about the economy and monetary policy, like other Fed officials.
• HFT Unlocking: $4.15 million worth of HFT tokens will be unlocked. So, this situation has the potential to cause fluctuations in the HFT price.

### At the end of the week, US unemployment benefits There are explanations

Next week is more critical on Thursday rather than Friday. The following events are expected to occur:

• 16:30: The number of people applying for unemployment benefits for the first time in the USA will be revealed. It is stated that the markets expect around 219 thousand applications. Because an application above expectations increases concerns that the US economy is weakening.
• 20:05: Fed's Richmond Regional President Thomas Barkin will give another speech. In this speech, Barkin is expected to clarify the issues that he did not mention in his first speech.

In summary, next week will be very good for global markets. It will be an eventful week. Speeches of Fed officials, inflation data from Turkey and key openings will play an important role in determining the direction of the markets. Investors are advised to follow these developments closely and manage their risks accordingly.

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