A Critical Week for Bitcoin and Altcoins (June 1-5): Here Are All the Developments That Could Affect the Markets and the Crypto Calendar

The cryptocurrency market has shown a negative trend over the past week, led by Bitcoin.

At the time of writing, Bitcoin is trading at $73,442, 4.1% lower than last week.

On the other hand, the picture is no different for most altcoins. Binance-linked altcoin BNB with 8% and decentralized cryptocurrency exchange Hyperliquid (HYPE) with 9% were the major exceptions of the week.

However, numerous economic developments and altcoin events await cryptocurrency followers in the new week. Here is the weekly cryptocurrency calendar we have specially prepared for you at Bitcoinsistemi.com.

(All times are given in UTC+3 Turkish time)

Monday, June 1

BNB – Binance will introduce its surprise product, which it announced on May 29th.

DRIFT – Will be delisted by Upbit.

Japan will include foreign trust-backed stablecoins within the scope of its electronic payment regulations.

Tuesday, June 2

12:00 – Euro Area Consumer Price Index (CPI) – Annual (Expected: 3.3%, Previous: 3%)

Related News: Expert Analyst: “A New Chapter Could Begin for Bitcoin Worth $3 Trillion”

Wednesday, June 3

The UK Financial Regulator (FCA) is seeking public feedback on its cryptocurrency rules guidelines; the deadline for submissions is today.

15:15 – US ADP Non-Farm Payrolls Change (Expected: 116k, Previous: 109k)

21:00 – The Fed will release its Beige Book document.

Related News: Expert Analyst: “A New Chapter Could Begin for Bitcoin Worth $3 Trillion”

Thursday, June 4

15:30 – US Initial Jobless Claims (Expected: 211k, Previous: 215k)

Friday, June 5

Aave has applied to have the freeze on $71 million worth of ETH lifted; the hearing will take place today.

15:30 – US Average Hourly Earnings (Monthly Change) (Expected: 0.3%, Previous: 0.2%)

15:30 – US Non-Farm Payrolls Data (Expected: 95k, Previous: 115k)

15:30 – US Unemployment Rate (Expected: 4.3%, Previous: 4.3%)

On the other hand, artificial intelligence remains a key driver of global risk appetite. As the corporate earnings season draws to a close, investors will be closely watching the results of companies such as CrowdStrike, Palo Alto Networks, and Broadcom.

*This is not investment advice.

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