As the new week begins, the crypto market is gearing up for significant events that could shape the future of Bitcoin and altcoins alike. Investors should be prepared for a busy week, with market-moving events scheduled across various sectors. Let’s take a closer look at the key developments.
Key Crypto Events to Watch
Bitcoin has been hovering around $61,900 over the weekend, and while hopes for a break above $63,000 seem distant, the historical October surge remains a possibility. Investors looking to capitalize on the market need to stay alert for these important events:
October 7 (Monday)
- 20:00 Fed/Bowman
- 20:50 Fed/Kashkari
- FTX Restructuring Plan Hearing
October 8 (Tuesday)
- 01:00 Fed/Bostic
- 10:00 Fed/Kugler
- 19:45 – 23:00 Fed/Bostic and Collins
- EIGEN: $30.69 million unlock
October 9 (Wednesday)
- 21:00 Fed Minutes Release
- HBO to Release Documentary Claiming to Have Found Nakamoto
- Blockworks Permissionless Event
October 10 (Thursday)
- 15:30 U.S. Jobless Claims (Expected: 230K)
- 15:30 U.S. Inflation (Expected: 2.3%, Previous: 2.5%)
- 15:30 U.S. Core Inflation (Expected: 3.2%, Previous: 3.2%)
- 16:15 – 18:00 Fed Members Speeches
- Tesla Robot Announcement
- OP: $19.83 million unlock
October 11 (Friday)
- 15:30 U.S. Producer Inflation (Expected: 1.6%, Previous: 1.7%)
- 15:30 U.S. Core Producer Inflation (Expected: 2.7%, Previous: 2.4%)
- 23:00 BlackRock Earnings Report
- APT: $98.96 million unlock
Note: TIA Coin has a massive $920 million unlock in 24 days.
What Should Investors Watch For?
Crypto investors are set for an exciting week. The Fed minutes could hint at regret over delaying the July rate cut, which might positively impact the markets. The signals Fed members provide for interest rate cuts over the next 12 months are also crucial.
A continued decline in inflation is expected, and the anticipated inflation report this week could increase the potential for a 50bp rate cut in November. The market has largely priced in a total of 100bp cuts by the end of the year, and any data in line with expectations could trigger the anticipated fourth-quarter crypto rally.
Investors need to keep a close eye on these developments, as they could fuel the long-awaited crypto market surge. As always, risk management and timely decision-making are critical in navigating these turbulent waters.
Bitcoin, inflation, Ethereum, Fed minutes, crypto market
