Crypto Market’s Dazzling Performance Awaits: Key Events This Week
The crypto space is buzzing with optimism as the market cap of all tokens soars above $4 trillion. Will this momentum continue? Let’s dive into what could shape this week.
Federal Reserve Decision Looms Large
Economists believe the Fed might cut interest rates following their meeting on September 16th-17th. Weak job numbers with just 22,000 new jobs in august and an unemployment rise to 4.3% fuel thes expectations. Historically, such moves boost both stock and crypto markets. However, if the cuts are already factored in, we might see a pullback instead.
Rising Altcoin Season Index
The Altcoin Season Index is soaring past 80, driven by MYX Finance, memecore, and others. This could attract more investors to altcoins.But beware—past rallies often led to profit-taking and subsequent declines.
ETF Launches on the Horizon
Rex-Osprey is set to debut the first Dogecoin and Ripple ETFs this Thursday. These ETFs could draw more excitement, especially as we await broader crypto ETF approvals in october.
Significant Token Unlocks Coming Up
This week features multiple token unlocks, including:
- $49.9 million in Arbitrum tokens on Monday
- $9.69 million in ApeCoin
- $8.6 million in Zetachain tokens
Also watch for releases from Melania, LayerZero, Velo finance, and Kaito. These events could substantially impact prices.
