The crypto industry, which has spent the last few weeks calmly, is entering an active period at the beginning of the new year.
The bearish activity of cryptocurrencies has slowed considerably over the past few weeks. The crypto industry has been pretty quiet, especially the last week of December. However, as we enter the new year, January will witness the events that will activate the crypto industry. Many crypto analysts think that the long-term crypto bull will not come. On the other hand, global events point to a very tight year. The SBF’s court and US inflation data, which are expected for this month, are especially important.
New Year’s Top Events in the Crypto Industry
The crypto industry is starting the new year like a bombshell. Economic data, the court of the bad actor of the crypto market and crypto-focused studies stand out.
Sam Bankman Fried (SBF), former CEO of FTX, will appear in court on January 3 by the US District Court for the Southern District of New York. SBF will face two fraud and six conspiracy charges. Additionally, SBF was sued by US regulators CFTC and SEC.
On the other hand, US inflation data will be released to the market this month. December US CPI information will be released on January 12. The Fed slowed the rate hike rate in December, but there will be no Fed decision this month. The next meeting is scheduled for February 1.
On the one hand, crypto conferences are starting. The World Crypto Conference will be held in mid-January 13 to 15. The main topics of this conference will be DeFi, metaverse and traditional finance.
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