Key Events Set to Influence Crypto Market Trends in May 2024
Macroeconomic Factors: Federal Reserve Meeting and April CPI Report
The Federal Reserve's FOMC meeting on May 1 and the upcoming CPI report on May 15 are expected to have a significant impact on investor sentiment and market stability. These events will shape the Fed's monetary policy and influence interest rates in the market.
Spotlight on Hong Kong: The Bitcoin Asia Conference
The Bitcoin Asia Conference on May 9-10 will bring together industry figures and offer insights that could influence market trends, especially as Hong Kong delves into spot ETFs for Bitcoin and Ethereum.
Legal Challenges: The Tornado Cash Trial
The Tornado Cash trial outcome on May 14 and the potential legal implications could set a precedent for developers in the privacy-focused software space, affecting the crypto ecosystem.
SEC Decisions: Ethereum and Bitcoin ETFs
The upcoming SEC decisions on Ethereum ETF filings and options trading for spot Bitcoin ETFs by end of May could herald stabilization or volatility in the crypto market, impacting market trends and investor confidence.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.