The cryptocurrency sector is facing a series of significant events this week that could impact the market. Binance delistings, interest rate changes, and a Tezos network upgrade are drawing investor attention.
Binance Delistings
Kicking off the week, Binance will terminate the futures contract for BSW. Further activity is expected mid-week, with BAKE, HIFI, and SLF pairs facing removal.
Interest Rate Changes and Inflation
The middle of the week will be marked by the awaited resolution from the U.S. Federal Reserve regarding interest rates, likely declining by a quarter percent to 4.25%. This comes alongside the expected disclosure of the Eurozone's annual inflation data, predicted at 2.1%, providing essential insights into European financial conditions.
Token Unlocks and Market Impact
On Monday, 128 million STRK tokens, valued at $17.3 million, will be unlocked, followed by 94 million ARB tokens worth approximately $50 million on Tuesday. Wednesday will see significant releases of APE and ZK tokens, unveiling 15.5 million and 173 million coins respectively. Over the weekend, KAITO, LISTA, and ZRO will release millions of tokens, potentially affecting their market viability.
Key events this week could lead to market strategy changes and price dynamics. Binance’s delistings and new token releases may significantly reshape the cryptocurrency landscape.
