Global

The cryptocurrency market is poised for significant volatility this week, with two major developments on the horizon: the release of the US Consumer Price Index (CPI) data and over $230 million in token unlocks.

In recent comments, former Bank of Japan (BOJ) board member Makoto Sakurai suggested that the central bank would likely postpone any additional interest rate hikes until next year, signaling a preference for market stability in the near term.

Malaysia Blockchain Week showcased the country's commitment to becoming a regional blockchain leader, highlighting the technology's potential to transform industries.

Samson Mow, CEO of JAN3 and a well-known Bitcoin advocate, has recently raised alarms about the security of Bitcoin stored in cold wallets. Despite cold storage being regarded as a secure method to protect cryptocurrency from online threats, Mow warns that even these solutions might be vulnerable. He suggests that Bitcoin holders should ensure their private keys are not easily accessible, even by themselves.

The U.S. Internal Revenue Service (IRS) has introduced a new draft of Form 1099-DA, aiming to streamline the reporting process for digital asset transactions. This revision marks a significant shift from earlier drafts, addressing privacy concerns and simplifying tax compliance for investors in the growing digital asset market.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered significant resistance levels over the weekend, leading to declines that suggest potential continuation of downward trends in the coming days. Here’s a closer look at the technical analysis and current market conditions for these major cryptocurrencies.