Bittime - Even though Bitcoin just hit an all-time high. The crypto community is preparing to face a dynamic situation. Events ranging from economic data releases, important legal battles, to technological improvements can influence crypto prices.
Let's take a look at some of the key events in March that will determine the direction of crypto:
Crypto Event March 2024
There are several crypto events that could possibly influence the price of Bitcoin Cs. So, these are some of these events.
1. Ethereum Dencun Upgrade (March 13)
On March 13th, the Ethereum network will make its highly anticipated upgrade, namely Dencun. This upgrade is expected to improve the scalability and efficiency of the Ethereum network. This has the potential to influence prices and overall sentiment in the crypto market.
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2. FTX Digital Creditors Meeting (March 15)
FTX Digital's first meeting with creditors (customers and non-customers) on March 15 will be closely watched. The outcome of the discussions could impact the broader crypto industry, affecting investor confidence and market stability.
3. NVIDIA Annual GPU Technology Conference (March 18)
NVIDIA's Annual GPU Technology Conference on March 18 is a landmark event for the technology sector. The crypto community will be watching to see if there are any advances in GPU technology that could potentially have applications in blockchain and crypto mining.
4. Fed Interest Rate Decision (March 20)
The Fed's interest rate decision on March 20 was a significant event for traditional financial markets, and its impact often influences crypto markets. Market players will be watching for changes in monetary policy that could affect asset values.
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5. US SEC vs. Ripple: Opening Summary Submission (March 22)
On March 22, the United States Securities and Exchange Commission (SEC) is scheduled to submit an opening brief in the lawsuit against Ripple Labs. This legal battle has far-reaching implications for crypto regulation and could significantly impact market sentiment.
6. US SEC Fraud Allegation Hearing against Do Kwon (March 25)
March 25 marked the start of the US SEC fraud trial against Do Kwon, founder of Terraform Labs. The outcome of this trial will be closely watched as it adds a new layer to the ever-evolving crypto regulatory environment.
7. Sam Bankman-Fried Sentencing Date (March 28)
The sentencing date for Sam Bankman-Fried, founder of FTX, on March 28 is important for the crypto community. The impact of this verdict may extend beyond FTX, affecting perceptions of regulatory compliance in the crypto industry as a whole.
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Conclusion
Even though Bitcoin has just hit its all-time high, the crypto market is bracing for a series of events in March that will determine its direction. Every event, from economic data releases to legal proceedings and technological improvements, has the potential to increase volatility and affect investor sentiment.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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DenCun Ethereum Upgrade Guide, Follow the Steps!
Ethereum Surpasses $3,300, Is It Due to Dencun's Influence?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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