Week Ahead: Ethereum and DeFi to come under spotlight this week

Bitcoin’s (BTC) attempt at a comeback has stirred the pot, causing altcoins to become volatile again.

Bitcoin likely to continue its recovery rally to $70,000. Ethereum ETF approval deadline could cause ETH-based altcoins to take off. Nvidia earnings coupled with ASI launch could see AI tokens rally as well Bitcoin ’s attempt at a comeback has stirred the pot, causing altcoins to become volatile again. With the US Securities and Exchange Commission set to make its decision on Ethereum ETFs this week, some sectors of altcoins might see higher liquidity and volatility than others.

The first scenario could see a major red streak across the markets, with altcoins posting double-digit losses. However, if the second outlook plays out, certain sectors of altcoins will witness a massive uptick in liquidity and volatility. BTC/USDT 1-day chart This week’s crypto events May 21 - Chiliz Dragon8 hard fork May 22 - Nvidia earnings May 23 - VanEck Ethereum ETF approval deadline May 24 - Ark 21Shares Ethereum ETF approval deadline May 24 - Fetch.ai, Singularity.

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