Next Week in Crypto: Key Events to Watch (Nov 25th - Dec 1st, 2024) 🗓
Next week brings a suite of significant events that could impact the markets. From notable token unlocks to important US economic data, here’s what to keep on your radar:
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Token Unlocks:
🔐 November 29 – IMX Token Unlock
Immutable X (IMX) unlocks 24.52 million tokens, valued at approximately $37 million, representing 1.47% of its circulating supply.
🔐 November 30 – OP Token Unlock
Optimism (OP) is set to unlock 31.34 million tokens, worth around $69 million, representing 2.5% of its circulating supply.
🔐 November 30 – 1INCH Token Unlock
1inch (1INCH) is set to unlock 98.74 million tokens, worth around $36 million, representing 7.72% of its circulating supply.
🔐 December 1 – SUI Token Unlock
Sui (SUI) will release 64.19 million tokens, valued at $231 million, accounting for 2.26% of its circulating supply.
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📊 Key U.S. Economic Data Releases
- November 27 – Q3 GDP Second Estimate
- November 27 – PCE Price Index
First up is the second estimate of the Q3 GDP figures, with the initial estimate showing a 2.8% growth rate. If the second estimate aligns with or exceeds this figure, it would further bolster the robust growth outlook the US has maintained this year. However, a lower-than-expected revision might signal a slowing economy, strengthening the case for easing monetary policy.
Next is the PCE Price Index, which measures the average change in prices for goods and services. If the PCE data indicates a further decline in inflation, it could strengthen the case for a December rate cut, potentially being bullish for markets. Conversely, if the PCE points to persistent or rising inflation, the Fed may opt to maintain current interest rates, dampening risk-on sentiment.
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That’s all for next week’s key events! Keep an eye on these developments and we’ll be back next week with more updates.
Next week brings a suite of significant events that could impact the markets. From notable token unlocks to important US economic data, here’s what to keep on your radar:
---
Token Unlocks:
🔐 November 29 – IMX Token Unlock
Immutable X (IMX) unlocks 24.52 million tokens, valued at approximately $37 million, representing 1.47% of its circulating supply.
🔐 November 30 – OP Token Unlock
Optimism (OP) is set to unlock 31.34 million tokens, worth around $69 million, representing 2.5% of its circulating supply.
🔐 November 30 – 1INCH Token Unlock
1inch (1INCH) is set to unlock 98.74 million tokens, worth around $36 million, representing 7.72% of its circulating supply.
🔐 December 1 – SUI Token Unlock
Sui (SUI) will release 64.19 million tokens, valued at $231 million, accounting for 2.26% of its circulating supply.
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📊 Key U.S. Economic Data Releases
- November 27 – Q3 GDP Second Estimate
- November 27 – PCE Price Index
First up is the second estimate of the Q3 GDP figures, with the initial estimate showing a 2.8% growth rate. If the second estimate aligns with or exceeds this figure, it would further bolster the robust growth outlook the US has maintained this year. However, a lower-than-expected revision might signal a slowing economy, strengthening the case for easing monetary policy.
Next is the PCE Price Index, which measures the average change in prices for goods and services. If the PCE data indicates a further decline in inflation, it could strengthen the case for a December rate cut, potentially being bullish for markets. Conversely, if the PCE points to persistent or rising inflation, the Fed may opt to maintain current interest rates, dampening risk-on sentiment.
---
That’s all for next week’s key events! Keep an eye on these developments and we’ll be back next week with more updates.