Economic Calendar 5.19-5.25: Key Federal Reserve Speeches and Bitcoin's Market Outlook

Key Economic Events of the Week

Here is the preview of significant events for the week that could influence the global financial and cryptocurrency markets:

• Monday: Federal Reserve Vice Chair Philip Jefferson is scheduled to speak.

• Monday: New York Fed President John Williams will deliver remarks.

• Wednesday: Fed Governor Raphael Bostic will host a meeting, with keynote addresses by Lisa Cook and Mary Daly.

• Thursday: U.S. Initial Jobless Claims for the week ending May 17 will be released.

• Friday: New York Fed President John Williams will give a keynote speech at a conference on monetary policy implementation.

Macro Token Price Trends and Projections

The cryptocurrency market has seen notable developments this week, with Bitcoin leading the charge:

• Bitcoin's Market Cap Surpasses $2.1 Trillion: Bitcoin's market capitalization crossed the $2.1 trillion mark, driven by institutional demand and global adoption. Analysts highlight strong accumulation trends between $93,000 and $95,000, providing robust support for the cryptocurrency. Institutional inflows, particularly from ETFs, have been a significant catalyst for Bitcoin's price surge.

• Transaction Fees Hit 2025 Highs: Bitcoin’s transaction fees have climbed to their highest level in 2025, signaling increased demand for limited block space. According to data from The Block, the seven-day moving average fee has risen by approximately $1 since the beginning of May, reaching $2.40—the highest recorded this year. This fee surge has occurred despite a decline in daily transaction volume, suggesting that users are willing to pay more for confirmed settlement. Meanwhile, Bitcoin’s illiquid supply has reached a new all-time high, indicating that more BTC is being held in long-term wallets and unavailable for sale. This growing supply constraint raises the risk of future supply shocks, potentially reinforcing upward price momentum.

• Market Predictions: Fidelity Investments and other analysts predict Bitcoin may reach a new all-time high before the end of this cycle, with projections of $110,000 or more in the near term. Global adoption and reduced volatility are key drivers of this bullish outlook.

Market Outlook

The cryptocurrency market remains dynamic, with Bitcoin's dominance and rising transaction fees indicating strong demand. Institutional participation and global adoption continue to bolster market confidence. However, macroeconomic factors, such as Federal Reserve policies and labor market data, could introduce volatility.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are inherently risky.