May 2024: Pivotal Events Set to Steer Crypto Market's Fate

May 1, 2024
May 2024: Pivotal Events Set to Steer Crypto Market's Fate
  • May 2024 is pivotal for the crypto market, with multiple significant events.

  • The Federal Reserve FOMC meeting on May 1 is expected to hold interest rates steady, possibly affecting investor confidence.

  • US Treasury refunding plans and the April CPI report in early May could impact market conditions.

  • The Bitcoin Asia Conference on May 9-10 in Hong Kong may influence cryptocurrency trends.

  • The outcome of legal proceedings against Tornado Cash developer on May 14 could affect the privacy software sector.

  • The SEC will make critical decisions on spot Ethereum and Bitcoin ETFs on May 23 and May 24, amid community skepticism.

  • A deadline for the SEC's decision on options trading for spot Bitcoin ETFs is set for May 29.

  • These events may lead to stabilization or increased volatility in the crypto market.

Summary based on 1 source


Get a daily email with more Crypto stories

Source

More Stories