Bitcoin 
$114,239.93 The price is defending $115,000 and the $112,000 support is not yet tested. Yesterday we shared details about why this week is extremely important. Many important developments in the coming hours cryptocurrency It will affect the graphics. Today is Tuesday, October 28, and this week’s expected big surge hasn’t started yet.
Important Developments in Cryptocurrencies
As we shared the details yesterday, there are both China meetings and Fed statements this week. We will also see the release of earnings reports from major technology companies. Yesterday ETHZilla altcoin reserve companies It gave the signal of “collapse” for Since the company’s share value and crypto reserve size did not match, it sold ETH and collected shares. This situation reveals the potential for many reserve companies (DATs) to make similar sales in the future or even go bankrupt.
Earnings reports for Visa and PayPal will be coming out this evening. The good earnings of these giants in the last quarter will be good for the stock market and therefore for crypto. Hours later, tomorrow at 21:00, the Fed will announce its October interest rate decision. There has always been volatility before the Fed. It would not be surprising to see the same thing start after hours.
After tomorrow’s stock market close, earnings reports of giants such as Microsoft, Alphabet and EBay will come. While these fluctuate stock futures, they will also affect cryptocurrencies. If Powell gives supportive easing signals for crypto, earnings reports could have a multiplier effect and turn Wednesday candle closes into a spectacle.
Strategy on Thursday, AppleEarnings reports from giants like Amazon and also leading US GDP data will be coming. Most importantly, if we do not see a last-minute cancellation, Trump and Xi are expected to meet and then make a statement. For now, the deal seems complete and all that remains is a handshake between the two. This will also support cryptocurrencies.
Today in Cryptocurrencies
ETH is calm below $4,200 and is stable. As optimism remains strong about US tech giants’ earnings reports BTC on foot. Futures remained calm after the SP500 hit a new record high. We continue to feel the impact of the easing of trade tensions in risk markets. The Chinese yuan reached levels it has not seen in more than a year, motivated by the trade agreement.
Most importantly, the gold ounce price remains below 4 thousand dollars. All this of cryptocurrencies It motivates investors in terms of its performance.
