Major Crypto Events in March That Could Influence Bitcoin and Altcoin Price
March Crypto Market: What Lies Ahead?
My Dear Readers,
Even after Bitcoin skyrockets to its peak, March is still packed with events that could shake up the prices. We've got everything from CPI data and the ETH Dencun upgrade to the NVIDA conference, FOMC, and the SEC vs. Ripple showdown.
Let's break down these major events slated for March and see how they're gonna sway the world of cryptocurrencies.
Federal Reserve's BTFP Expiration
The BTFP was established to support American businesses and households by offering extra funds to depository institutions. It played a vital role in stabilizing the markets following the 2022 collapses of Silicon Valley Bank and Signature Bank.
The upcoming end of the Federal Reserve's BTFP (Bank Term Funding Program) on March 12 is approaching as a significant event. This liquidity program, introduced during the pandemic, could affect market liquidity and may have implications for cryptocurrency prices.
March 12: US Reveals February CPI
On the same day, the US will publish February's Consumer Price Index (CPI). Cryptocurrency markets can react to economic data, particularly CPI surprises, leading to market adjustments.
March 13: ETH Dencun Upgrade
Ethereum's Dencun upgrade expected. Scalability and efficiency enhancements could influence crypto market sentiment.
March 15: FTX Digital’s Creditor Meeting
FTX Digital meets creditors. Outcomes affect the crypto industry, investor confidence, and market stability.
March 18: NVIDIA Annual GPU Technology Conference
NVIDIA showcases GPU tech. Crypto community watches for blockchain, mining applications.
March 20: Federal Reserve’s Interest Rate Decision
Fed interest rate decision. Impacts traditional and crypto markets, asset valuations.
March 22: U.S. SEC vs. Ripple: Opening Brief Submission
SEC submits opening brief in Ripple lawsuit. Regulatory implications could affect market sentiment.
March 25 : U.S. SEC’s Fraud Charges Trial against Do Kwon
SEC trial against Do Kwon begins. Regulatory environment implications for cryptocurrencies.
March 28: Sam Bankman-Fried Sentencing Date
Sam Bankman-Fried sentencing. Impacts FTX and wider crypto industry's regulatory compliance perceptions.
March is shaping up to be a pivotal month for cryptocurrencies, with a multitude of events on the horizon that could significantly impact price movements. From economic data releases to technological upgrades and regulatory battles, the landscape remains dynamic and unpredictable.
As investors and enthusiasts eagerly await these developments, it's crucial to stay informed and prepared for potential market shifts in the coming weeks.
Price Prediction
Bitcoin Price Prediction 2024-2030: Will BTC Price Cross The $100K Milestone Post-Halving?
Shiba Inu Price Prediction 2024 – 2025: Will SHIB Price Reach $0.1 With A New Bull Run?
UniSwap Price Prediction 2024, 2025, 2030: Will UNI Coin Price Record New Yearly High Soon?
Ethereum Price Prediction 2024, 2025: Will ETH Price Cross The $3,000 This Year?
Any Feedback?
Get in touch with us here