Bitcoin Volatility Ahead? These 5 Events Could Move Crypto This Week
BTC when published $82,673Now $80,568 ▼ −2.55% since it was published
After a major correction experienced in the past several days and a dip to a monthly low, bitcoin enters another potentially fluctuating week with the Fed now back in its blackout period. Attention has shifted to Big Tech earnings, US PMI data, consumer inflation expectations, jobless claims, and developments in the oil market. Here’s what to expect for the following five days. Tech Earnings and Oil Shake This week’s macro calendar is lighter than last week’s CPI- and PPI-heavy schedule, but several events could still move BTC indirectly through risk sentiment, bond yields, and expectations for the upcoming FOMC meeting on October 27 and 28. Perhaps the biggest market event comes on Wednesday when Meta and Tesla will report earnings, alongside IBM and several other major companies.
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
