|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Price Hovers Around $61.9K as Crypto Market Braces for a Busy Week of Events
Oct 06, 2024 at 07:30 pm
As the new week begins, the crypto market is gearing up for significant events that could shape the future of Bitcoin and altcoins alike.
As the new week begins, the crypto market is preparing for several key events that could impact the future of Bitcoin and altcoins. Investors can expect a busy week with market-moving events across different sectors. Here's a closer look at the crucial developments.
Bitcoin has been trading around the $61,900 level over the weekend, and while hopes for a breakout above $63,000 seem distant, the possibility of a historic October surge remains. Investors aiming to capitalize on the market movements should watch out for these important events:
October 7 (Monday)
October 8 (Tuesday)
October 9 (Wednesday)
October 10 (Thursday)
October 11 (Friday)
Note: TIA Coin has a massive $920 million unlock in 24 days.
Investors in the crypto market are in for an exciting week. The Fed minutes could indicate regret over delaying the July rate cut, which may positively impact the markets. The signals provided by Fed members regarding interest rate cuts over the next 12 months are also critical.
A continued decline in inflation is expected, and the anticipated inflation report this week could increase the potential for a 50bps rate cut in November. The market has largely anticipated a total of 100bps cuts by the end of the year, and any data meeting expectations could trigger the expected crypto rally in Q4.
Investors should closely monitor these developments, as they could fuel the long-awaited surge in the crypto market. As always, risk management and timely decision-making are crucial in navigating these turbulent waters.
Bitcoin, inflation, Ethereum, Fed minutes, crypto market
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Dogecoin (DOGE) Investor Trades 1,950,000 DOGE for New Altcoins NEIRO and Rexas Finance (RXS)
- Oct 06, 2024 at 10:21 pm
- Many investors have bought a certain cryptocurrency for a long period before coming up with returns, and recently, one of the Dogecoin (DOGE) investors has a story that raises eyebrows.
-
- Coinbase Attorneys Push Court to Reconsider Interlocutory Appeal Amid Ripple Case Developments
- Oct 06, 2024 at 10:21 pm
- Coinbase attorneys are pushing the Southern District of New York to reconsider an interlocutory appeal filed in April 2024. In an Oct. 5 letter, the legal team pointed to the Securities and Exchange Commission's (SEC) recent notice of appeal in the high-profile Ripple case.