Critical Developments in Cryptocurrency for the First Week of December
As the year draws to a close, cryptocurrency markets brace for a pivotal week marked by the Federal Reserve's impending interest rate decision. Investors, still reeling from recent volatility, are keenly eyeing the Fed's December 10th announcement, where a 25 basis point cut is widely anticipated. The real focus, however, lies in Chair Powell's accompanying commentary—a potential catalyst for market movements.
Monday, December 1st, sets the tone with the release of US S&P Manufacturing PMI final data at 17:45 UTC. Concurrently, the crypto ecosystem sees technical milestones: the sui token undergoes a key unlocking event, while testnet upgrades for AXL (V1.3.1) and ONT (MainNet V3.0) go live. These developments unfold against a backdrop of delayed government reports, leaving market participants to navigate with partial data.
