Crypto Market Eyes 3.2% US PCE, ECB Briefing After Altcoins Drop as Much as 7.19%
Updated
Updated · en.bitcoinsistemi.com · May 24
Crypto Market Eyes 3.2% US PCE, ECB Briefing After Altcoins Drop as Much as 7.19%
3 articles · Updated · en.bitcoinsistemi.com · May 24
Altcoins head into the new week after steep losses, with Ethereum down 3.63%, XRP 4.41% and Dogecoin 7.19%, while Bitcoin fell 1.8% over the past week.
Thursday’s US data are the main macro test for crypto, including core PCE at a prior 3.2% annual pace, quarterly GDP expected at 2%, and jobless claims seen at 209,000; the ECB also holds a press conference Wednesday.
Token-specific events could add volatility: Binance will delist ATA, FARM, MLN, PHB and SYS on Wednesday, Korea Digital Asset Association members are removing the RESOLV spot pair Tuesday, and XMAQUINA holds a token production event.
Operational changes also crowd the calendar, with Curve Finance temporarily taking its front end offline for a database update, Phi and Leap Wallet shutting down, and CME launching 24-hour futures trading Friday.
As the US weaponizes stablecoins against Iran, is a new financial cold war being fought on the blockchain?
With wallets and DeFi protocols collapsing, which crypto projects are built to survive the industry's great filter?
Bitcoin has been quiet for 50 days. What will finally trigger the predicted 40% price explosion?