The price of Bitcoin (BTC) is celebrating as the G20 summit begins this week. What can we expect from cryptocurrency investments and more broadly from the macro side? We take stock this Monday.
Monday, November 18 – Avalanche Unlock (AVAX), G20 summit and Senate debates
As for cryptocurrencies, this Monday begins with an important unlock on the Avalanche side. 1.67 million AVAX will be released today, or $59.4 million.
On the macro side, the week stands out by the start of the G20 summit in Brazil. Of particular note are the debates on Mercosur, which French President Emmanuel Macron has confirmed he wants to reject as is.
In France, 2 meetings are also worth noting on the Senate side. First of all, the continuation of the examination of the Social Security financing bill for 2025. There will also be the departure of a Senate fact-finding mission on the slippage in public finances since 2023. This mission will take place until next February.
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Tuesday November 19 – Inflation in the Eurozone and Indonesia Blockchain Week
Few things to note for this Tuesday on the macro side, with the exception October inflation figures to be published for the euro zone. As a reminder, the European Commission reported a slowdown a month ago, with inflation estimated at 1.7% for the month of September in the euro zone (2.1% for the entire European Union).
This day will also be the start of Indonesia Blockchain weekan annual conference which will take place in Jakarta. We will notably find Richard Teng, the CEO of Binance. Announcements are therefore possible for the exchange platform.
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Wednesday November 20 – UK inflation, Apecoin (APE) unlock
This Wednesday, the speech of Christine Lagarde, the president of the European Central Bank (ECB)will be monitored. She will indeed speak during the annual conference on financial stability and macroprudential policy.
Elsewhere in Europe, it is the United Kingdom which will publish inflation figures for the month of October. This had slowed across the Channel, reaching 1.7% last September.
On the cryptocurrencies side, we note a conference which begins this Wednesday. The North American Blockchain Summit will take place in Texas. The summit could be particularly followed following the re-election of Donald Trump. Several members of the Republican Party will speak there, including French Hill and Mike Pompeo.
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Friday November 22 – Inflation in Japan, GDP in Germany
This Friday, 2 figures will be to watch. In Japan, we will experience inflation for the month of October. This still reached 2.5% last September, but it had begun to slow down.
On the German side, it is the GDP for the 3rd quarter which will be known, in a politically tense context. The ruling coalition fractured during the month, leaving Chancellor Olaf Scholz in difficulty.
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Also to be continued this week…
Gary Gensler's resignation? Current head of the Securities and Exchange Commission (SEC) finds himself in an ejection seat after Donald Trump's victory. He published a letter 3 days ago, which suggested an imminent departure. This would be good news for the crypto ecosystem, which has been very badly hit by the SEC.
Also to be continued this week, the mobilization of farmers in France. The social context should be tense in the coming days, with numerous blockages. The farmers have returned to the road, believing that their latest protests have not led to the changes promised by the government.
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Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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