Trading the News: Key Events That Could Affect Crypto at the End of March

SHARE

Trading the News: Key Events That Could Affect Crypto at the End of March

SHARE

Table of Contents

  • S&P Global PMI Manufacturing & Services, March
  • ssv.network’s vote to integrate SSVLM module into the Lido Staking Router
  • Activation of the first native staking in the Omni EVM ecosystem
  • Starknet v0.13.4 release with Cairo-Native integration
  • Berachain and the launch of Phase 1 PoL
  • US Consumer Confidence Index from Conference Board for March
  • US new home sales statistics for February
  • Venom’s vote to create a decentralized DAO model for network management
  • UK CPI for February
  • UK Finance Ministry Spring Forecast Statement
  • US Oil Inventories data from EIA
  • Celo and the transition to Ethereum L2 with mainnet activation
  • Filecoin and CalibrationNet update
  • US GDP (Q4, secondary estimate)
  • Hedera community call with a focus on Post-Quantum crypto and AI integrations
  • UK Q4 GDP in annualized and quarterly terms.
  • US PCE price index for March in both monthly and annualized terms.
  • Ronin and Alchemy integration

The upcoming week brings several important events in the macro economy, such as the PMI and PCE release, Consumer Confidence Index, US GDP secondary estimate for Q4, as well as several initiatives from crypto projects like Omni Network, Venom, Celo, Filecoin, and others that could affect the markets and your trading strategy.

Monday

S&P Global PMI Manufacturing & Services (March), which provides an early assessment of the US economy in the manufacturing and non-manufacturing sectors and this will be one of the items that the FED will consider regarding further interest rate cuts. This may affect the priorities of institutional and large private investors, creating optimism or pessimism, so you should consider this in your trading strategy.

Meanwhile, the crypto industry is expecting a few important events too.

For example, ssv.network will vote on the integration of SSVLM module into the Lido Staking Router.

Omni Network will hold an activation of the first native staking in the Omni EVM ecosystem, taking a step towards an independent economic layer for its users.

Starknet is coming out with Resil v0.13.4, which includes the integration of Cairo-Native, designed to optimize the execution of smart contracts and reduce transaction fees.

Berachain launches its hase 1 PoL and moves to an incentive distribution system via new DAO mechanisms, promising greater efficiency and profitability.

Tuesday

We are awaiting the US Consumer Confidence Index from the Conference Board, as well as the house purchase statistics for Fuvral, which can also have an impact on the state of consumers and significantly influence the stock and bond market dynamics, especially in the consumer and construction sectors.

An important event from the crypto industry will come from Venom, where there will be a vote on the creation of a decentralized DAO model of network management, which can fundamentally affect the model of resource allocation and have an impact on the price of this asset.

Wednesday

The big event here will be the latest US oil inventory data from the EIA, which is especially critical against the backdrop of Donald Trump’s energy initiatives, as well as record electricity consumption in an era of fierce competition in blockchain and even more in AI domains.

However, it is not only the US that will provide us with important news, we are also waiting for the UK Consumer Price Index (CPI) data for February, which will reflect the dynamics of not the last economy, as well as indirectly indicate the position of the EU sector in a similar matter. Also, we are waiting for the Spring Forecast Statement of the UK Ministry of Finance, which may bring very important news, especially against the backdrop of the vector for the independence of Europe from the United States.

From the crypto industry, Celo’s transition to Ethereum L2 with mainnet activation is due. It can hardly be overemphasized how wide the horizons will open for Celo if it can seamlessly interact with the rich Ethereum ecosystem, which could affect both its asset price and the price of ETH.

Also, another very important player Filecoin will take a step in its own direction and update CalibrationNet, which promises to improve the performance and reliability of the storage network. This could not only affect the price of their own token but also in a way impact AI, as Filecoin has a big focus on becoming a key player in distributed learning LLMs.

Wednesday will also hold two notorious cryptocurrency conferences, the DC Blockchain Summit taking place in Washington DC, and the Crypto Assets Conference happening in Frankfurt. The Washington event will host key speakers, including several U.S. politicians who are involved in Crypto policy.

Meanwhile, the Crypto Assets Conference will also have its fair share of notorious speakers, including representatives from Kraken, J.P. Morgan, Deutsche Bank, and even the Director General for Market Infrastructure and Payments at the European Central Bank, Ulrich Bindseil.

Thursday

On Thursday, we are waiting for a report from the US, namely the secondary estimate of Q4. This could also significantly strengthen or weaken expectations of future rate cuts from the FED, but also generally affect the asset value of the entire US stock market, especially high-risk assets.

We are also expecting a strategic update from the top player in the crypto industry Hedera, namely a community call with a focus on Post-Quantum crypto and AI integration, which has had crypto enthusiasts worried about the security of blockchain networks for some time now.

Friday

Friday will bring another GDP report, but now from the UK, namely for Q4 in annualized and quarterly terms, which will primarily affect UK financial markets and stocks, but will inevitably affect global markets as well.

Coming back to the US, we will see data on the key PCE indicator for March, and it will have a direct impact on the FED’s decision on the next rate cuts, being a priority in this matter.

The crypto industry, on the other hand, has prepared an update from Ronin, namely the integration with Alchemy, which will greatly expand the possibilities of NFT infrastructure and tokens and will significantly affect the potential scalability of Ronin as a gaming blockchain.

Conclusion

All in all, we can say that we are in for an important week. It may not be as epic as the last one, but it is worth remembering that everything is changing incredibly dynamically, so there may be announcements about new, even more important events already tonight.

Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.

Disclaimer: The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.

SHARE

Picture of Alexandros

Alexandros

My name is Alexandros, and I am a staunch advocate of Web3 principles and technologies. I'm happy to contribute to educating people about what's happening in the crypto industry, especially the developments in blockchain technology that make it all possible, and how it affects global politics and regulation.

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platform

Rating: 98%

Claim up to $30,050 in Bonus

100x Leverage

Rating: 90%

Get Exclusive 20% Deposit Reward

Rating: 90%

Get up to $5,000 Welcome Bonus

Follow Us