The upcoming Nvidia GPU technology conference is highly anticipated in the cryptocurrency market. Memecoin is likely to rise again after its recent selloff, but volatility could increase as Bitcoin approaches its fourth halving. As altcoins drive market trends, traders must always be aware of opportunities and risks.
From technology conferences to showdowns with regulators, here's what's coming next and how it could impact the market.
Major events and their impact on the virtual currency market
Nvidia's GTC Conference (March 18)
Nvidia's annual GPU Technology Conference (GTC) is the highly anticipated event of the year. Here, Nvidia releases the latest technologies and breakthroughs that often shake up the world of technology and cryptocurrencies. In CEO Jensen Huang's keynote, analysts predict Nvidia's next breakthrough AI processor. A staggering 260% increase over the past year has propelled Nvidia to the top of the computer industry. AI experts are excited about his GTC conference. This excitement caused the value of the AI token to rise by 16.8% in his 24 hours, led by RNDR, TAO, and FET. Investors expect AI-related assets to rise as Nvidia unveils its latest advances at a conference.
Fed interest rate decision (March 20)
The Federal Reserve's Federal Open Market Committee (FOMC) is meeting to discuss interest rates, and its decisions are attracting attention. Although no rate cuts are expected this time, investors are looking for hints about the Fed's economic outlook and future policy moves. With inflation concerns looming and recent economic data suggesting a stronger-than-expected economy, the Fed's statement could have a significant impact on the overall market, including cryptocurrencies.
Reddit IPO (March 21st)
Popular social media platform Reddit is making waves with its upcoming initial public offering (IPO). With plans to raise billions of dollars, this IPO could shake up the stock market and impact related altcoins such as MOON and BRICK. As investors eagerly await Reddit's public launch, expectations are high for potential market moves and opportunities for savvy traders to capitalize on the excitement.
SEC vs. Ripple public briefing (March 22)
The ongoing legal battle between the SEC and Ripple has reached a critical point with a public briefing scheduled for March 22nd. The crypto community has been closely watching this high-stakes showdown as the outcome could have far-reaching implications for the digital regulatory landscape. assets. Ripple’s native token, XRP, is particularly sensitive to developments in this case as its price reacts to legal proceedings. As both sides present their arguments, investors will be watching closely for insights into the future regulatory environment for cryptocurrencies.
Cryptocurrency enthusiasts, get ready for these innovative events taking place this week. We're excited, aren't we?
