The upcoming week in the cryptocurrency market is expected to be eventful, with various altcoin activities and major economic updates on the horizon. Despite Bitcoin's drop below $57,000 before the US Federal Reserve's interest rate decision, an optimistic sentiment resurfaced following Fed Chair Jerome Powell's dovish comments and disappointing employment data. The week ahead holds several crucial economic events and significant altcoin activities.

This comprehensive overview delves into the significant events and developments scheduled in the cryptocurrency market for the upcoming week, providing insights into altcoin activities and economic updates that could shape the crypto landscape.

May 6 – Monday

On this day, the SEC is poised to make vital decisions, including the verdict on Invesco Galaxy Ethereum ETF's application and the final response in the Ripple Case. Additionally, LAMB is set to transition to LAMBDA, and ZERO will host a token creation event.

May 7 – Tuesday

Bithumb is scheduled to delist three altcoins – SANTOS, PORTO, and LAZIO. Meanwhile, MXM will debut its mobile version.

May 8 – Wednesday

ZEN will conduct a vote on a new token proposal, and LYRA's migration to LDX is expected.

May 9 – Thursday

The Bitcoin Asia Conference will convene, TRAC developers will unveil an AI-related announcement, and the UK Interest Rate Decision aims to maintain steady rates. The projected US Initial Unemployment Claims are 211k, showing an increase from the previous figure of 208k.

May 10 – Friday

The Solana Community Conference will be held, EIGEN will host a token creation event, and VDAO will initiate a snapshot for an airdrop.

May 11 – Saturday

The Starknet Lagos Conference is scheduled to take place.

In Summary

The upcoming week presents a bustling schedule in the cryptocurrency market, encompassing various altcoin events and substantial economic developments. Investors and traders should closely monitor these events as they could wield significant influence on market dynamics.