What to Expect in Crypto Markets This Week?

March 31 – Monday

• Binance announced a delisting decision affecting European users. USDT, FDUSD, TUSD, USDP, DAI, EUR, UST, USTC, and PAXG trading pairs will be removed from the platform. This may impact traders dealing in stablecoins and altcoins.
• Terraform Labs is launching a new platform for creditors amid its bankruptcy process. Investors who suffered losses from the Terra (LUNA) and TerraUSD (UST) collapse can submit claims through this platform.

April 1 – Tuesday

• Beware of April Fools’ Day Hoaxes! Every year, false news and manipulative posts circulate in the crypto space on April 1. Avoid making investment decisions based on unverified information.
• The annual Eurozone Inflation Rate (CPI) will be announced. Expected at 2.2%, previous was 2.3%. If the results differ from expectations, it could impact ECB’s interest rate decisions, affecting Euro pairs and crypto volatility.
• FED will slow down its balance sheet reduction. This could inject more liquidity into markets, potentially benefiting risk assets.

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April 2 – Wednesday

• Donald Trump recently stated, “People will receive a pleasant surprise on April 2.” Given the election year and Trump’s crypto-friendly stance, this has sparked speculation in the crypto community.
• PORTAL is set to make a major announcement. PORTAL develops solutions for DeFi and the gaming ecosystem. This announcement could impact the project’s ecosystem and token price.

April 3 – Thursday

• Turkey’s Annual CPI will be announced. Expected at 38.9%, previous was 39.05%. A high inflation rate could influence CBRT’s interest rate policies and investment decisions.
• US Jobless Claims data will be released. Expected at 227K, previous was 224K. Since employment data plays a crucial role in FED’s economic assessment, this could lead to market fluctuations.

April 4 – Friday

• US Non-Farm Payrolls data will be announced. Expected at 139K, previous was 155K. This provides insights into US economic strength and influences FED’s rate decisions.
• US Unemployment Rate will be revealed. Expected at 4.1%, previous was 4.1%. A rise could increase recession concerns and lead to selling pressure on stocks and crypto.
• FED Chair Jerome Powell will deliver a key speech. His remarks on interest rates, balance sheet reduction, and inflation could drive volatility in the crypto market.

These upcoming economic events could significantly impact the crypto market. FED statements, Eurozone inflation data, and Binance’s delistings are key events to monitor closely.

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