Despite Bitcoin peaking, the crypto community is bracing for a dynamic landscape with events ranging from economic data releases to major legal battles and technological upgrades.
Let’s delve into the major events scheduled for March that are shaping the trajectory of cryptocurrencies.
March Cryptocurrency Industry Calendar: A Snapshot of Key Events
Federal Reserve BTFP Maturity Date (3-12)
The expiration of the Federal Reserve’s BTFP (Bank Term Funding Program) on March 12 looms as a critical event. As a liquidity program implemented during the pandemic, its conclusion could affect market liquidity and potentially affect cryptocurrency prices.
US February CPI Data Release (3-12)
On the same day, the United States will release consumer price index (CPI) data for February. Cryptocurrency markets often react to economic indicators, and any surprises in the CPI data can prompt market adjustments.
In February, Bitcoin crashed after the release of the CPI data, with Bitcoin briefly touching $48,372.89. The CPI, a key economic indicator, revealed a more substantial increase than expected by Dow Jones surveying economists. In response, yields, particularly the benchmark 10-year US Treasury yield, rose more than 10 basis points, creating headwinds for risk assets including Bitcoin.
ETH Dencun Upgrade (3-13)
March 13 brings the Ethereum network’s long-awaited Dencun upgrade. As the Ethereum community looks forward to improvements in scalability and efficiency, the upgrade has the potential to impact the price and overall sentiment in the crypto market.
FTX Digital’s Creditors’ Meeting (3-15)
FTX Digital’s first meeting with both customers and non-customer creditors on March 15 will be closely watched. The outcomes of discussions could have implications for the broader crypto industry, affecting investor confidence and market stability.
NVIDIA Annual GPU Technology Conference (3-18)
The NVIDIA Annual GPU Technology Conference on March 18 is a key event for the technology sector. As NVIDIA unveils advances in GPU technology, the crypto community will pay attention to any potential applications in blockchain and cryptocurrency mining.
Federal Reserve’s Interest Rate Decision (3-20)
The Federal Reserve’s interest rate decision on March 20 is a pivotal event for traditional markets, and its repercussions often reverberate in the cryptocurrency space. Traders will monitor any shifts in monetary policy that could affect asset valuations.
US SEC vs. Ripple: Opening Brief Presentation (3-22)
The US Securities and Exchange Commission (SEC) is scheduled to present its opening brief in the lawsuit against Ripple Labs on March 22. This legal battle has far-reaching implications for the regulatory landscape of cryptocurrencies and could significantly affect market sentiment.
US SEC’s fraud charges hearing against Do Kwon (3-25)
March 25 marks the start of the trial for the US SEC’s fraud charges against Do Kwon. The outcome of this trial will be closely monitored as it adds another layer to the evolving regulatory environment for cryptocurrencies.
Sam Bankman-Fried sentencing date (3-28)
The sentencing date for Sam Bankman-Fried on March 28 is significant in the crypto community. As the founder of FTX faces sentencing, the repercussions could extend beyond FTX, impacting broader perceptions of regulatory compliance in the crypto industry.
Also read: Sam Bankman-Fried fights for leniency: Will he face 100 years in prison?
In closing …
As Bitcoin celebrates its all-time high, the crypto market is gearing up for a March full of diverse events that promise to shape its trajectory. From economic data releases to legal proceedings and technological upgrades, every event has the potential to introduce volatility and affect investor sentiment.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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