Crypto Markets Rocked by May Volatility—Traders Brace for Impact
Bitcoin tumbles 12% as ETF outflows spike—altcoins follow suit in brutal liquidation cascade.
Regulators circle like vultures while retail investors relearn the oldest lesson in finance: markets giveth, and markets taketh away.
Meanwhile, Wall Street’s ’blockchain strategists’ suddenly remember they have dentist appointments.
$1,845‘s major protocol update and regulatory proposals in the U.S. Understanding this month’s activities is crucial for assessing potential opportunities and risks in the crypto market.
ContentsEconomic Calendar and Regulatory Agenda for MayScheduled Coin Unlockings and Technical Developments
Economic Calendar and Regulatory Agenda for May
Key economic data releases and regulatory meetings in May could impact both traditional and cryptocurrency markets significantly. U.S. unemployment, non-farm employment, and application numbers due on May 1-2, along with the Bank of Japan’s interest rate decision, will steer global market directions. The Federal Reserve interest meeting on May 7 might signal potential rate cuts, which could cause drastic movements in Bitcoin
$96,213 and altcoin prices.
On May 13 and 15, U.S. CPI and PPI data will offer valuable insights into the direction of inflation. Meanwhile, a cryptocurrency session by the House Financial Services Committee on May 6 and the SEC’s crypto roundtable meeting on May 12 might directly affect market sentiment. The most anticipated event is the GENIUS Act vote in the Senate on May 26, aiming to restrict stablecoin issuance for payment purposes to licensed entities.
Scheduled Coin Unlockings and Technical Developments
May will witness five major planned coin unlockings, valued at hundreds of millions of dollars collectively. SUI will see a $253 million unlock on May 1, and ENA a $13 million unlock on May 2. Similar events will occur for MOVE on May 9, LAYER on May 11, and APT on May 12. These unlockings could cause significant selling pressure due to the new supply available to investors, necessitating careful observation, especially for low-volume altcoins with sudden drop risks.
On the technical front, Ethereum’s “Pectra” upgrade scheduled for May 7 aims to increase network transaction capacity and improve user experience. Concurrently, updates for other projects include RUNE’s V3.5 mainnet on May 1, IOTA’s new network on May 5, KAS’s hard fork, and XEC’s network update on May 15, all potentially elevating price activity in relevant altcoin projects.
Furthermore, platform moves such as Coinbase launching a Bitcoin yield corporate fund on May 1 and opening BTC and ETH futures in the U.S. on May 9 could enhance institutional interest in the crypto market. However, potential delisting decisions by exchanges like Binance and Upbit must be carefully monitored as they could lead to decreased volume and trust issues for the specific coins.
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