🥛 This week’s market-moving events 📆

GM. This is Milk Road, the newsletter that spots the week’s catalysts faster than Crypto Twitter spots a new narrative.

Here’s what we’ve got for you today:

✍️ What to look out for this week.
🎙️ The Milk Road Show: Bitcoin Is Down… But Institutional Demand Is Surging w/ Austin Reid.
🍪 Vitalik Buterin dumps over $8M ETH.

Tangem is the all-in-one app and hardware wallet with no seed phrase to lose. Download the Tangem App and start your self‑custody journey for free in seconds!

Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.

WHAT TO LOOK OUT FOR THIS WEEK 📆

Eurgh, another weekend of choppy, downward price action.

To quote the seminal 1999 box office hit The Green Mile:

“I’m tired, boss.”

Source: Reddit

So what’s on the cards this week - more chop, or some short-term relief?

Let’s take a look (spoiler: it’s a mixed bag).

1. Macro 🌎

We’ve got relatively light work when it comes to ‘macro events to ingest’ this week…

Markets react to Trump's 15% global tariff threat - Mon - ICYMI: last Friday, Trump announced 10% global tariffs… paused… thought on it for a second, then said ‘actually, make it 15%’.
February Consumer Confidence data - Tue - A vibe check with consumers (not expecting this to be a glowing report).
Initial Jobless Claims data - Thu - How many people filed for unemployment for the first time in the last week?
January PPI Inflation data - Fri - How much has the cost of wholesale goods gone up or down?

2. Earnings 💰

There are 92 companies listed on the earnings calendar below - but only one that really matters:

Nvidia.

They’re expected to beat earnings, but even if they do, that doesn’t mean Wall Street is going to react positively. Last time they beat, the stock actually sold off (riddle me that?).

Source: @eWhispers

Yeah, as I said: mixed bag.

So how about we dig into potentially positive catalyst?

Let’s look at the legislative calendar for this week…

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WHAT TO LOOK OUT FOR THIS WEEK (P2) 📆

Remember how Coinbase pulled their support for the CLARITY Act, and it all kind of stalled out?

It looks like the White House is trying to get things moving again…

3. Legislation 🏛️

The White House is attempting to clear the ‘stablecoin log jam’ that’s been holding up the CLARITY Act’s passing, by setting a March 1st deadline for advancement.

(That’s this Sunday.)

If/when CLARITY passes, it will open up the broader crypto space to institutional investment in the U.S. and help protect from any future ‘Gary Gensler 2.0’ scenarios.

Here’s hoping this leads to real movement/momentum!

Source: @misterrcrypto

4. Charts 📉

ICYMI: Bitcoin dumped ~5% in 2 hours last night, dropping from $67.6k to $64.3k from 7-9pm ET, with Fear & Greed dropping back down to 5.

(A historically low reading that puts us in territory we've rarely seen before.)

Source: TradingView

The $60K psychological level is the new line in the sand.

A continued bounce from last night’s lows with declining liquidations could signal the flush is complete.

Another leg down could test just how low Fear & Greed can go.

So here’re the core events/data I’m watching closely this week:

Nvidia earnings.
The market’s reactions to Trump’s tariff threats.
Bitcoin’s ability to hold the $60-70k range as F&G bottoms out.
Any forward movement/renewed momentum on the CLARITY Act.

Your task list from here on out:

Mark your calendars accordingly, buy some Nag Champa, and make your weekly offering to the crypto gods.

DID YOU GET THAT EMAIL FROM COINBASE TOO?

ICYMI: There’s a new IRS tax form specifically for digital assets called a “1099-DA”.

(And all U.S.-based centralized exchanges have started sending them out.)

Not just to you, but the IRS as well.

It generally covers crypto sales, trades, and disposals you made on that exchange - but it comes with some curve balls.

E.g., it won’t track your cost basis for any tokens you bought outside of that centralized exchange, which means you need to pull that data in yourself.

(Yuh. It’s tricky.)

Good news is, we wrote a guide designed to help you avoid this scenario: