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Reading: Now is the Last Detour, Important Developments and Expectations of the Week in Cryptocurrencies
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EdaFace Newsfeed > Latest News > Crypto News > Now is the Last Detour, Important Developments and Expectations of the Week in Cryptocurrencies
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Now is the Last Detour, Important Developments and Expectations of the Week in Cryptocurrencies

vitalclick
Last updated: October 28, 2024 2:57 pm
5 months ago
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Contents
Important Developments in CryptocurrenciesTuesday, October 29Wednesday, October 30Thursday, October 31Friday, November 1Will Cryptocurrencies Rise?

Bitcoin $68,187 price At the time of writing, it is again at the $ 69,000 limit. Altcoins continue the day positively. Since DOGE holds the key level as we stated before, it now targets $0.15. So what awaits cryptocurrency investors in the coming hours and days? What are the important developments of the week in cryptocurrencies?

Important Developments in Cryptocurrencies

BitcoinInvestors’ motivation for the last quarter is getting stronger as ‘s has made higher lows. This is good news. There will be US elections on November 5th and we will see a big break. If Trump emerges victorious, the consequences will be quite interesting. Let’s take a quick look at the important developments today, just like every week.

Tuesday, October 29

  • 17:00 USA JOLTS (Expectation: 7.935M Previous: 8.040M)
  • 23:00 Visa, Alphabet, AMD Earnings Reports

Wednesday, October 30

  • 15:15 US ADP Employment Change (Expect: 110K Previous: 143K)
  • 15:30 US GDP (Expected and Previous: 3%)
  • 23:05 Meta, Coinbase, MSTR and Microsoft Earnings Report
  • Chainlink $11 SmarCon
  • Binance Dubai Event
  • Celestia 892 Million Dollar Lock Opening
  • Deadline for the transfer of Terra services.

Thursday, October 31

  • 15:30 US Personal Consumption Expenditures (Expected: 2.1% Previous: 2.2%)
  • 15:30 US Unemployment Claims (Expected: 232K Previous: 227K)
  • 23:00 Amazon, Intel, Apple Earnings Reports

Friday, November 1

  • 15:30 US Unemployment Rate (Expected and Previous: 4.1%)
  • 15:30 US Nonfarm Payrolls (Expected: 110K Previous: 254k)
  • 15:30 Average Earnings (Expected and Previous: 4%)

Will Cryptocurrencies Rise?

this week TIA CoinWe can see interesting movements in . Although investors in futures transactions will look for short selling opportunities due to the sales risk close to 1 billion dollars, there may be speculative upward attempts. The end of the road now appears for Terra. Many events also mean many announcements, so the news flow will be fast.

The possible surprises we will see in the US data are also likely to have significant consequences on the price. Bitcoin price At the time of writing, it was at $68,888. With the November 5 elections just around the corner, investors are clearly running towards volatility.

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

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