Weekly Crypto Forecast: Key Economic Events and Altcoin Activities to Watch – Featuring Bitcoin (BTC) and Ethereum (ETH)

• The cryptocurrency market is set for a week filled with numerous altcoin events and significant economic developments.
• Despite a dip below $57,000 ahead of the US Federal Reserve’s interest rate decision, Bitcoin and the crypto world experienced a partial recovery following dovish remarks from Fed Chair Jerome Powell and subsequent weak employment data.
• Several key economic developments and altcoin events are slated for the coming week.

This article provides an in-depth look at the key events and developments expected in the cryptocurrency market this week, including altcoin events and economic developments that could impact the crypto world.

May 6 – Monday

The SEC is set to make its final decision on Invesco Galaxy Ethereum ETF’s application. The SEC can choose to delay, accept, or reject the application. The SEC’s final date to respond to the Ripple Case is also on this day. LAMB will migrate to LAMBDA, and ZERO will hold a token creation event.

May 7 – Tuesday

Bithumb will delist three altcoins: SANTOS, PORTO, and LAZIO. MXM will also launch its mobile version.

May 8 – Wednesday

ZEN will hold a vote on a new token proposal. LYRA will migrate to LDX.

May 9 – Thursday

The Bitcoin Asia Conference will take place. TRAC developers will make an AI-themed announcement. The UK Interest Rate Decision is expected to keep rates steady. The US Initial Unemployment Claims are expected to be 211k, up from the previous 208k.

May 10 – Friday

The Solana Community Conference will take place. EIGEN will hold a token creation event. VDAO will take a snapshot for an airdrop.

May 11 – Saturday

The Starknet Lagos Conference will take place.

Conclusion

This week promises to be a busy one in the cryptocurrency market, with numerous altcoin events and significant economic developments. Investors and traders should keep a close eye on these events as they could have a significant impact on the market.