Bitcoin Prices Plummet Amid Mt Gox News: Key Economic Events to Watch This Week

• This week, the cryptocurrency market is bracing itself for significant economic announcements and updates from various altcoins.
• Following the recent news about Mt. Gox, Bitcoin’s price saw a sharp decline, dropping to $60,600.
• The upcoming week is critical due to an anticipated interest rate decision and the release of various economic data points.

This comprehensive article highlights key economic events and altcoin activities that cryptocurrency enthusiasts should watch in the coming days.

Monday, July 1

WAN – Wanchain is set to make an important announcement.

SNEK – The onset of token burns will commence.

ASI – The first phase of the merger for ASI, formed from the integration of three AI altcoins, is scheduled to begin.

Tuesday, July 2

CRO – The voting for Cronos token burn comes to a conclusion.

12:00 – Eurozone Consumer Price Index (CPI) Year-on-Year (Expectations: 2.5%, Previous: 2.6%)

16:30 – Federal Reserve Chair Jerome Powell is scheduled to speak.

Wednesday, July 3

15:15 – US ADP Non-Farm Employment Change (Expectations: 156k, Previous: 152k)

15:30 – Initial Jobless Claims (Expectations: 235k, Previous: 233k)

21:00 – Publication of the FOMC meeting minutes.

Friday, July 5

NYM – Voting for reward distribution in the Nym Mixnet’s mixmining process.

15:30 – US Unemployment Rate (Expectations: 4.0%, Previous: 4.0%)

15:30 – US Non-Farm Employment Change (Expectations: 189k, Previous: 272k)

15:30 – US Average Hourly Earnings Month-on-Month (Expectations: 0.3%, Previous: 0.4%)

18:00 – Publication of the US Federal Reserve Monetary Policy Report.

Conclusion

As the week progresses, cryptocurrency market participants should remain vigilant regarding the scheduled announcements and economic data releases. These events could have significant impacts on market movements and provide insights into the broader economic landscape. Staying informed and prepared will be key for navigating the potential volatility.