Top 4 Must-Watch Bitcoin And Crypto Events This Week

In per week brimming with anticipation, the Bitcoin and crypto market is poised to witness a sequence of great occasions that might steer the trajectory of digital property. From pivotal value motion in Bitcoin to essential selections by the US Federal Reserve (Fed), and from landmark trials to influential crypto conferences, the week is filled with developments that might have substantial implications for buyers and the crypto trade alike.

So right here’s an in depth take a look at the highest 4 occasions which are anticipated to seize the market’s consideration within the coming days.

#1 Bitcoin At $40,000 This Week?

Bitcoin’s current efficiency has been nothing wanting spectacular. The main cryptocurrency marked its highest weekly shut since Might 2022, with a 15% acquire final week. The bullish sentiment is additional fueled by the anticipation of a spot Bitcoin ETF. Presently, Bitcoin is in a consolidation part, however famend technical analyst, “Titan Of Crypto,” believes there’s extra to return.

Sharing a chart, he said through X:

Bitcoin at $40,000 subsequent week? BTC is making an attempt to interrupt out from each bullish pennant and the within bar’s vary. Tenkan begins pointing up. If the next situations are matched: Kijun follows Tenkan, each day candle manages to shut above the vary and keep above $34.5k. [Then,] Bitcoin might teleport to $40k in a blink of a watch.

Bitcoin value prediction | Supply: X @Washigorira

#2 Fed Price Determination And FOMC

The Federal Open Market Committee (FOMC) is ready to make its price determination on Wednesday, November 1, 2023, at 2:00 pm, adopted by a press convention with Fed chair Jerome Powell at 2:30 pm. The consensus amongst analysts is that the FOMC will preserve the goal vary for the federal funds price at 5.25 to five.5. The CME FEDWatch software helps this, with 96.2% anticipating no change.

CME FedWatch tool
CME FedWatch | Supply: CME

Notably, market situations have turn out to be much more fragile than they have been a yr in the past. The Fed must navigate their battle towards inflation fastidiously as it could possibly’t afford a extreme recession.

Financial institution of America commented on the upcoming assembly, stating, “We still do not expect a hike in November, as the Fed is clearly worried about the extent of financial tightening. But today’s robust spending and inflation data keep a December hike on the table.”

Goldman Sachs economists added, “Fed officials appear to have signaled that they will not be hiking at their November meeting next week… the story of the year so far has been that economic reacceleration has not prevented further labor market rebalancing and progress in the inflation fight.”

#3 Sam Bankman-Fried’s Trial Nears Finish

The high-profile trial of Sam Bankman-Fried, associated to the collapse of the FTX change, is nearing its conclusion. Because the trial resumes on Monday, October 30, 2023, Bankman-Fried will proceed his direct examination by his protection lawyer, presenting another narrative to the testimonies of former staff and witnesses towards him.

Following this, the federal government will cross-examine him, probably resulting in a rebuttal case by the prosecution. This a part of the trial is predicted to devour a lot of the week, with the jury prone to decide by subsequent week’s finish.

#4 Solana Breakpoint Convention

Solana’s annual Breakpoint conference is ready to kick off at present in Amsterdam, the Netherlands. The occasion, which runs from October 30 to November 3, will function Solana Labs CEO Anatoly Yakovenko, key mission leaders from the Solana ecosystem, and audio system from Stripe and Visa.

Traditionally, Breakpoint has been a platform for vital bulletins. Final yr, Solana Labs unveiled a $100 million social media fund and a $150 million blockchain gaming fund. This yr, there’s buzz round RNDR – Render Community’s crew, which is predicted to launch Render 2.0 quickly. Your complete convention shall be livestreamed on X and Solana’s YouTube channel.

At press time, Bitcoin traded at $34.555.

Bitcoin price
Bitcoin value rise above $34,500, 1-day chart | Supply: BTCUSD on

Featured picture from Matt Noble / Unsplash, chart from

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