16h24 ▪
4
min of reading ▪ by
April promises to be rich in significant developments for the crypto sector. With key events involving industry giants, regulators, and major virtual currencies, the market is trembling with anticipation. Let’s discover the 5 hottest events that could potentially shake the crypto markets.
US Inflation Data and the FED’s Rate Cuts
The explosive US inflation figures revealed on April 10th will upheave markets. Indeed, these statistics will guide the Federal Reserve’s (FED) strategy on rates. Consequently, any inflationary or deflationary surprises will trigger intense stock market fluctuations. Although it’s seen as uncorrelated, crypto will not be an exception. Therefore, crypto investors will keenly monitor these crucial data. Because any unexpected deviation from forecasts will result in inevitable erratic jumps in virtual currency prices. In short, this macroeconomic bomb with potentially devastating repercussions will captivate widespread attention
The Highly Anticipated Bitcoin Halving for this April
Probably between the 19th and 21st of April 2024, the Bitcoin halving will disrupt the balances. Indeed, this quadrennial event will drastically reduce miners’ rewards. Historically, these halvings have been powerful bullish triggers. As such, many experts predict another spectacular surge in the price of crypto. Because the slowed supply will mechanically cause a scarceness of bitcoin. However, other voices dispute this presumed impact, considering it already factored in.
The SEC vs Coinbase Trial
On April 19th, the confrontation between Coinbase/SEC will reach its peak tension. Indeed, both parties must reach a crucial agreement by this pivotal date. Otherwise, an interminable legal battle will inevitably ensue and the consequences for the crypto ecosystem will remain undetermined. Thus, a negotiated outcome would alleviate the ongoing regulatory tensions. On the other hand, a legal escalation would sow deep mistrust among investors.
The Hearing of Binance’s Crypto Exchange CEO
On April 30th, all eyes will turn to the decisive hearing of Binance’s head. Indeed, the outcome will determine Changpeng Zhao’s legal fate. Despite the opacity surrounding the exact charges, the stakes are high since Binance is a pivotal player in crypto trading. Therefore, an unfavorable verdict would profoundly shake confidence in the platform. However, some analysts hope that a lenient resolution could help to restore its image. Whatever happens, this event will definitely focus general attention.
The Launch of EigenLayer on the Ethereum Network
Toward the end of April, the explosive launch of EigenLayer will challenge established conventions. Indeed, this smart contract solution is already making a significant noise. Some consider it to be a revolutionary potential “Ethereum 2.0”. In contrast, others temper these hopes, warned by previous failures. Nevertheless, a wave of enthusiasm will inevitably sweep through the crypto community.
In summary, let’s note that April 2024 will mark a major turning point for the crypto sector. Intense speculative jolts, chaotic earthquakes in prices, and profound shifts in industry balances are to be expected. Additionally, we should prepare for a range of disruptive and explosive events. These events will undoubtedly leave lasting marks within the global crypto ecosystem.
Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
