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Attention: Entering the Big Week! Here are the Economy and Altcoin Developments to Follow in the New Week
After a very horizontal week in the crypto money market, many economic developments are waiting for us in the new week.
After the sudden drop in the crypto money market last week, a week that followed a horizontal course has been left behind.
Bitcoin price has lost only 0.20% in the last seven days, while Ethereum has fallen 0.24% in the same timeframe.
So, what are the economic events and altcoin developments that may affect the crypto money prices next week?
All times are given in Türkiye time (UTC+3).
For Bitcoin spot ETF applications from Fidelity, Invesco & Galaxy, Wisdomtree, VanEck, Bitwise, and BlackRock, the SEC must decide whether to postpone, reject, or accept this week. Bitwise's application deadline is Friday, September 1, while other applications must be evaluated by the weekend and Valkyrie's application by Monday.
Monday, August 28
20:00 – Optimism (OP) mainnet update will take place.
Tuesday, August 29
The US branch will delist AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL tokens.
The decision between Grayscale and the SEC could be announced today.
16:04 – Casper Network (CSPR) will go through V1.5.2 node update.
Wednesday, August 30
15:15 – US ADP Non-Farm Employment Data
The ADP National Employment Report is a measure of monthly variation in nonfarm, private employment based on payroll data from approximately 400,000 U.S. business customers. Released two days before government data, this report estimates the government's nonfarm payrolls report.
15:30 – US Gross Domestic Product (GDP) Quarterly data will be released. (Expected: 2.4%, Previous: 2%)
Thursday, August 31
Akash Network (AKT) – Mainnet 6 update will be released.
TXA (TXA) – Swap and TXA Network mainnet launch.
12:00 – Eurozone Consumer Price Index (CPI) Annual (Exp.: 5.1%, Previous: 5.3%)
15:30 – US Core Personal Consumption Expenditures (PCE) Price Index Monthly (Exp. 0.2%, Previous: 0.2%)
15:30 – US Core Personal Consumption Expenditures (PCE) Price Index Annual (Exp.: 4.2%, Previous: 4.1%)
15:30 – US Initial Unemployment Claims (Expected: 235k, Previous: 230k)
Friday, September 1
Gains Network (GNS) – Tokenomic changes will be implemented.
The decision between Grayscale and the SEC could be announced today.
15:30 – US Average Hourly Earnings Monthly (Exp.: 170k, Previous: 187k)
15:30 – US Non-Farm Employment (Exp.: 0.3%, Previous: 0.4%)
15:30 – US Unemployment Rate (Exp. 3.5%, Previous: 3.5%)
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