It’s no secret that bitcoin and altcoin markets are now affected by macro-scale developments. For this reason, investors are eagerly awaiting the meetings regarding cryptocurrencies and the economy in general, and the statements of the authorities. Looking at the calendars, there are three critical dates for the meetings that will take place in the USA in February, which are thought to affect Bitcoin and altcoins. As Kriptokoin.com, we convey the details of these dates…
Market focused on March
Expectations for the US Federal Reserve (FED) interest rate meeting, which took place on January 26, and after the meeting, Bitcoin experienced sharp decreases in parallel with the US stock markets. Bitcoin’s decline of almost 50 percent from its all-time high has negatively affected the prices of all altcoins. Cryptocurrencies have been trading on the red board for a long time. The Fed will hold its next interest rate meeting in March, and experts predict that the rate will be increased by 50 basis points at this meeting.
This is why many people focus on March, not February. Experts are wondering how the overall market and Bitcoin will move. However, there are various dates in February that concern cryptocurrencies. Time will tell the impact of these critical dates on cryptocurrencies.
3 critical dates for Bitcoin and altcoins in February
The issue of regulation of cryptocurrencies is widely discussed in the US. The issue that authorities are most concerned about in this area is stablecoins. Stablecoins are cryptocurrencies that are pegged at a 1:1 ratio to a specific fiat currency. As we have previously reported, US banks are working on a plan to issue a stablecoin called USDF. On the following dates, stablecoins will be discussed:
- Feb 8: On this date, the House of Representatives Financial Services Committee will hold a meeting to discuss stablecoins.
- February 9: On February 9, the US Senate is holding a meeting on cryptocurrencies. The title of the meeting is “Exploring Digital Assets: Risks, Regulation and Innovation”. As can be understood from the title, comments on risks and regulations in the ecosystem will be conveyed.
- Feb 15: The banking committee of the US Senate will hold a meeting to discuss stablecoins.
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