The cryptocurrency market enters a new week with cautious sentiment following last week's hawkish signals from Federal Reserve Chair Kevin Warsh, who kept rates unchanged but hinted at future hikes. Bitcoin currently trades at $63,936, while Ethereum outperformed with a 3.65% weekly gain. Now, a packed schedule of macroeconomic events and token unlocks threatens to add turbulence.
Key Economic Events: On Thursday, June 25, the US Core Personal Consumption Expenditures (PCE) price index—the Fed’s preferred inflation gauge—will be released alongside quarterly GDP figures (expected 1.6%) and initial jobless claims (226k). These data points could heavily influence the central bank’s next moves. Earlier in the week, the Fed’s annual bank stress test results (Wednesday) and the Summer Davos Forum (Tuesday) also draw attention.
Altcoin Upgrades and Shutdowns: Starknet prepares its version 0.14.3 mainnet release (Monday), Base rolls out the Beryl hardfork (Thursday) with the B20 native token standard, and Ronin discontinues its Fishing Frenzy blockchain game (Thursday). A private Ethereum-based DeFi yield vault from Zama, Morpho, and Steakhouse also opens deposits on Tuesday.
Massive Token Unlocks: A wave of unlocks across 21 altcoins this week could spark significant selling pressure. Standouts include Newton Protocol (NEWT) unlocking 64.86% of its market value ($7.35M), Sahara AI (SAHARA) at 46.98% ($12.50M), Humanity (H) at 15.68% ($52.05M), and GateToken (GT) at $44.67M (6.26% of market cap). Other notable unlocks: Spacecoin (11.37%), Bless (10.40%), and Mango Network (8.30%). Geopolitical tensions—Iran’s Strait of Hormuz closure and renewed US-Iran talks—add another layer of uncertainty.
