Important Economic And Crypto Events This Week!

The past week in the crypto market was nothing short of extraordinary, with Bitcoin breaking records nearly every day. Currently, Bitcoin’s all-time high price has been updated to $81,054.

However, with Bitcoin’s rise, the attention is shifting to the coming week, filled with many altcoin events and economic developments that may push the market further.

But as much as the market has seen strong growth, the token unlocks scheduled for this week could introduce selling pressure. Token unlock events often cause prices to dip as previously locked tokens are made available to the market.

Here’s the weekly calendar of key events and token unlocks, prepared specially for you by Bitcoinsistemi.com:

November 11, Monday

UNI: Uniday event at Devcon will take place, showcasing developments in the Uniswap ecosystem.
APT: A major token unlock event for Aptos will occur, potentially causing price fluctuations.
0G: Node sale will begin.
ZEN: New ZEN token and Horizen 2.0 update information will be released.

November 12, Tuesday

DevCon 7: The DevCon conference will feature several crypto projects announcing new strategies and updates.
FED Members Speaking: At 6:00 PM, Waller will speak, and at 10:00 PM, Kashkari will offer insights that may impact the market.

November 13, Wednesday

MPL: SYRUP token launch will happen, with potential for price volatility.
U.S. Inflation Data: At 4:30 PM, the Core CPI and Annual CPI data will be released. These inflation metrics are key for market expectations.
FED Member Williams Speaking: At 5:30 PM, Williams will speak, adding to the economic discussions of the day.

READ: Another Application Added to Ethereum ETF Applications

November 14, Thursday

U.S. PPI (Producer Price Index): Released at 4:30 PM, with expectations of 0.2% growth.
Unemployment Claims: At 4:30 PM, initial jobless claims will be released, offering insights into the U.S. labor market.
Jerome Powell Speaking: At 11:00 PM, the FED Chair will deliver a speech that could have major impacts on the market.

November 15, Friday

Hong Kong Stock Exchange: The launch of the Crypto Index will take place.
TAIKO Ontake Hard Fork & XEC Update: Network updates are expected to bring movement in token prices.
STRK: Starknet will see a large token unlock, which may trigger selling pressure.

With several token unlock events happening, there’s potential for short-term volatility, especially with Aptos and Starknet. Investors should be aware of potential price drops as new tokens flood the market. Additionally, the U.S. inflation and unemployment data will likely influence market sentiment in the coming days.

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