The cryptocurrency market is preparing for some very critical developments in the new week. Here’s what you need to know.
Crypto analyst The DeFi Investor shared the key topics he will be closely watching in both the altcoin and macroeconomic spheres as the new week begins.
Upcoming airdrop snapshots, token generation events (TGEs), new product launches, and the Federal Reserve’s crucial interest rate decision are all on the analyst’s weekly radar.
On the altcoin side, Jupiter was the first to catch attention. The snapshot for Jupiter’s “Jupuary” airdrop is expected to be available on January 30th. Meanwhile, Mantle has signaled a “big announcement” on January 27th. Lighter plans to make a series of announcements throughout the coming week, while the launch of Fluid DEX V2 is on the agenda within the Fluid ecosystem.
Additionally, Infinex’s token generation event (TGE) is scheduled for January 30th. The analyst’s list also includes Paradex’s S2 points program, which will conclude next week.
On the macro front, the focus is again on the FOMC meeting. The interest rate decision, to be announced on January 28th, will be crucial for the entire crypto market, especially Bitcoin. The DeFi Investor also noted that there is a 77% chance of a US government shutdown by January 31st, which could create additional volatility in the markets.
The impact of US President Donald Trump’s recent statements, which have shaken the markets, is reportedly continuing. Trump’s harsh rhetoric towards Jerome Powell and his pressure on the Fed have led to sharp increases in commodities such as gold and silver. Silver has risen above the $100 level, while gold is approaching $5,000.
The upcoming week also presents a busy calendar of macroeconomic data releases. On Tuesday, the US Conference Board Consumer Confidence and the Richmond Fed Manufacturing Index will be published. US weekly jobless claims and trade balance data will also be monitored. On Friday, US PPI data, Canada’s monthly GDP change, and the Chicago PMI index will be released.
However, the biggest surprise of the week may not come from the Fed, but from Trump. Trump is expected to announce his nominee to replace Powell, whose term ends in May, in the coming days. Rumors suggest Trump is focusing on four names: White House economic advisor Hassett, Fed Board member Waller, former Fed official Warsh, and finally Rick Rieder. The inclusion of Rieder, a key figure in BlackRock’s bond operations, on the list of nominees is being closely watched by the markets.
