Bitcoin Shatters Records: Crypto Market Roars Back to Life

BTC smashes through all-time highs as institutional money floods the market—just as the Fed starts cutting rates. Classic.

Altcoins ride Bitcoin’s coattails with double-digit gains across the board. Ethereum, Solana, and even meme coins join the party.

Traders cheer while regulators scramble. Will this rally have legs, or is it another pump before the inevitable dump?

$109,508 breaking its all-time high. Despite altcoins not reaching their desired levels yet, the market could enter an upward trend following tariff clarification. What significant developments are looming for cryptocurrencies this week?

ContentsKey Developments in Cryptocurrency27 May Tuesday28 May Wednesday29 May Thursday30 May FridayExpectations for Cryptocurrencies

Key Developments in Cryptocurrency

This week, macroeconomic events dominate headlines, and we anticipate more concrete steps regarding tariff agreements. BTC continues to find buyers at $109,500, while ETH trades below $2,600. The detailed timeline of the week’s significant events is as follows.

27 May Tuesday

• 11:00 Fed’s Kashkari Speaks
• 17:00 Consumer Confidence Index (Expected: 87, Previous: 86)
• Bitcoin Las Vegas Conference

28 May Wednesday

• 03:00 Fed’s Williams Speaks
• 21:00 Release of Fed Minutes

29 May Thursday

• 15:30 U.S. Initial Jobless Claims (Expected: 230K, Previous: 227K)
• 15:30 U.S. GDP Quarterly Second Estimate (Expected: -0.3%)
• 15:30 Fed’s Barkin Speaks
• Litecoin Summit

30 May Friday

• 15:30 U.S. PCE (Expected: 2.2%, Previous: 2.3%)
• ETHGlobal Prague

Expectations for Cryptocurrencies

Economic data such as unemployment and non-farm payrolls coming in early June highlight the importance of this week’s announcements. The latest Fed minutes could provide details on the background of recent interest rate decisions. The Fed currently focuses on the inflationary impact of tariffs, overlooking the risks of high-interest rates. Any hints at rate cuts in the minutes could uplift risk markets. A similar trend reversal occurred after the December 2021 minutes accelerated the 2022 downturn, potentially signaling a shift in direction now.

The Fed targets a 2% inflation rate, closely monitoring the PCE inflation index. Expected PCE values for Friday are at 2.2%, and this sustained low figure should prompt market expectations for impending rate cuts.

Should GDP figures drastically underperform on Thursday, it may expedite the Fed’s actions, bolstering the cryptocurrency market. The BTC conference might feature significant announcements from Trump’s son and other speakers. Additionally, upcoming LTC and ETH events could further fuel market volatility.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.