The crypto world has followed a very horizontal course despite the FED's interest rate decision last week, and at the time of this writing, the Bitcoin price is hovering at $29,392.
Here are the economic data and altcoin developments that crypto money market followers should watch in the new week:
(All times are indicated by UTC +3 Türkiye time)
Monday, July 31
- 12:00 – Eurozone Consumer Price Index (CPI) Annual (Exp.: 5.3%, Previous: 5.5%)
- Radix (XRD) – Babylon Update:
According to the developers' statement, the update from Olympia to Babylon will pave the way for global Web3 & DeFi to finally emerge from the “tech demo” stage with a mainstream user and developer experience.
- ICON (ICX) – Incentive Testnet will be launched.
- Firo (FIRO) – Lelantus Spark testnet will be released.
- Echelon Prime (PRIME) – Parallel beta will be released.
Tuesday, August 1
- Baby Doge Coin (BABYDOGE) – 1.9 quadrillion tokens will be burned.
- MELD (MELD) – According to the official Twitter account, there will be a “big announcement”.
- MicroStrategy will release its earnings report after the close.
Wednesday, August 2
- 15:15 – US ADP Non-Farm Employment Data
The ADP National Employment Report is a measure of monthly variation in nonfarm, private employment based on payroll data from approximately 400,000 U.S. business customers. This report, released two days before the government data, is used as a good precursor to the government's non-farm payrolls report.
- Robinhood will release its earnings report after the close.
- Evmos (EVMOS) – Evmos 2.0 will be released.
- Litecoin (LTC) – Block halving will occur. Litecoin rewards for miners will be halved from 12.5 Litecoins to 6.25 Litecoins.
Thursday, August 3
- 14:00 – UK Rate Decision (Expected: 25bps increase)
- 15:30 – US Initial Unemployment Claims (Expected: 227k, Previous: 221k)
- Coinbase will release its earnings report after the close.
Friday, August 4
- 15:30 – US Non-Farm Payrolls data will be released. (Expected: 184k, Previous: 209k)
- 15:30 – US Unemployment Rate will be released. (Expected: 3.6%, Previous: 3.6%)
*Not investment advice.
