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Reading: Important Developments and Expectations in Cryptocurrencies for the Week of October 21-27
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EdaFace Newsfeed > Latest News > Crypto News > Important Developments and Expectations in Cryptocurrencies for the Week of October 21-27
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Important Developments and Expectations in Cryptocurrencies for the Week of October 21-27

vitalclick
Last updated: October 20, 2024 1:11 pm
5 months ago
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Contents
Important Developments in CryptocurrenciesMonday, October 21Tuesday, October 22Wednesday, October 23Thursday, October 24Effect on Cryptocurrencies

Bitcoin $68,412 price At the time of writing, it is at $68,402 and we are now coming to the end of October. As expected, October crypto- brought an increase in currencies. But we haven’t seen huge increases. For this, the last ATH level needs to be tested with closes above $ 69,000. So, what important developments await cryptocurrencies in the coming days?

Important Developments in Cryptocurrencies

Just like every week, today and in the coming days crypto- We discuss important developments that will affect currencies. Investors can benefit from the process by preparing for these events that may cause volatility with day and time details. Below you can find the full list of events that will take place in the coming days.

Monday, October 21

  • 07:00 IMF Meetings (All Week)
  • 15:55 Fed/Logan Will Speak
  • 20:00 Fed/Kashkari
  • Cosmoverse Event
  • 23:30-00:00 SEC Chairman Gary Gensler will speak at the SIFMA Annual Meeting in New York.

Tuesday, October 22

  • 07:00 BRICS Meeting
  • Real-World Asset Event (PayPal, Fidelity, Franklin Officials Will Speak)

Wednesday, October 23

  • 16:00 Fed/Bowman
  • Cardano $0.350297 summit
  • 21:00 Fed Beige Book
  • 23:05 Tesla Earnings Report

Thursday, October 24

  • 15:30 US Unemployment Claims (Expected: 240K Previous: 241K)

Effect on Cryptocurrencies

There are no major events on the macroeconomic front this week. Statements to be made by Gensler on Monday may affect the markets. We will also follow Fed members’ previous evaluations of the November interest rate decision throughout the week.

Tuesday’s event will host many important names. Huge beings rule here Fidelity, franklin We will hear the statements of senior executives of companies such as. Ethereum $2,647The comments they make for networks such as Solana may affect the prices of the relevant altcoins.

Tesla earnings reports will come, but since Musk’s BTC addresses have been detected, this event is not as exciting as the previous ones. It is known that Elon Musk’s company does not make sales. The Beige Book will shed light on the economic outlook of the states, we may see signals regarding the continuation of the decline in inflation and the situation of the regions in terms of employment.

And most importantly, we are getting closer and closer to the November US elections. Possible changes in the polls throughout the week may affect cryptocurrencies. BTC continues to find buyers at $68,371 at the time of writing.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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