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The cryptocurrency market is entering a week where Bitcoin is trading between $41,000 and $43,000 following the Fed’s decision to keep interest rates steady. Also, here are the important economic events and altcoin events that await the crypto community next week.
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Important Highlights and Altcoin Events of the Week!
Monday, February 5:
- Eigenlayer will add three new liquid staking tokens to its portfolio: sfrxETH, mETH, LsETH.
- MAGIC will publish the Treasury Chain Litepaper.
- China’s reserve requirement ratio (RRR) for banks will be reduced by 50 basis points from February 5th, which will provide 1 trillion yuan in long-term capital.
- Speech by Fed Chairman Powell.
Tuesday, February 6:
- STRAX will transition to EVM Testnet.
- MATIC will receive the Etrog update.
- SEC will decide on the Invesco Galaxy Ethereum Spot ETF application, which was delayed on December 13th (Delay/Reject/Accept).
Wednesday, February 7:
- Ethereum will receive the Holesky Dencun Update.
- ZEN will receive a Mainnet update.
Thursday, February 8:
- World Artificial Intelligence Cannes Festival will begin.
- AHA will perform ACT Token Swap.
- KLAY will restart the FNSA Merge proposal.
- US Initial Jobless Claims will be announced.
Friday, February 9:
- The Lunar New Year will begin in South Korea.
- A decision will be made on the approval of the Bitcoin Spot ETF in Hong Kong.
Saturday, February 10:
- Chinese New Year will begin.