There are more macro events and data this week, mainly a number of U.S. economic data and interest rate resolutions from major central banks around the world. This month, the major central banks are likely to follow the Fed to keep interest rates unchanged, while strong U.S. economic data doused expectations of interest rate cuts, high interest rate market will continue for a longer period of time, with U.S. stocks as the representative of the risk assets have been substantial fluctuations. In the crypto market, $70,000 is still a fiercely contested point, but coins other than BTC have fallen into a technical bear market.
🌟 Heavyweight events this week:
4/8 Monday*
💼 London Stock Exchange announces acceptance of Bitcoin and Ether ETN listing applications
4/10 Wednesday ***
💼 US CPI data for March
📉 New Zealand Fed interest rate decision
📉 Bank of Canada interest rate decision
💼 Thailand to finalise details of digital wallet plan
4/11 Thursday***
💼 US PPI data for March
💼 US initial jobless claims
📉 Eurozone ECB main refinancing rate
📝 Fed releases minutes of March monetary policy meeting
📌 Crypto Options Market Outlook:
Bitcoin has rallied significantly over the past week, major term IV's have rallied again to yearly highs after a small decline, Dvol remains elevated. vrp has risen sharply this week, with significant downward pressure on major term IV's led by short and intermediate term options IV.
📌 Crypto Rates Market Outlook
The Bitfinex Greenleaf interest rate market is back active and weighted rates continue to pick up, with 120-day rates now reaching above 20%, so those with spare cash can start increasing their lending in Greenleaf in the near future.
🌟 Heavyweight events this week:
4/8 Monday*
💼 London Stock Exchange announces acceptance of Bitcoin and Ether ETN listing applications
4/10 Wednesday ***
💼 US CPI data for March
📉 New Zealand Fed interest rate decision
📉 Bank of Canada interest rate decision
💼 Thailand to finalise details of digital wallet plan
4/11 Thursday***
💼 US PPI data for March
💼 US initial jobless claims
📉 Eurozone ECB main refinancing rate
📝 Fed releases minutes of March monetary policy meeting
📌 Crypto Options Market Outlook:
Bitcoin has rallied significantly over the past week, major term IV's have rallied again to yearly highs after a small decline, Dvol remains elevated. vrp has risen sharply this week, with significant downward pressure on major term IV's led by short and intermediate term options IV.
📌 Crypto Rates Market Outlook
The Bitfinex Greenleaf interest rate market is back active and weighted rates continue to pick up, with 120-day rates now reaching above 20%, so those with spare cash can start increasing their lending in Greenleaf in the near future.