Bitcoin (BTC) 
$75,023 price once again nears the $65,000 mark as recent declines reverse. What can we expect in the coming days? So far, October has not met the expectations of cryptocurrency traders. However, historical data indicates a potential market recovery by mid-October.
Key Developments of the Week
As with every week, today we will discuss what cryptocurrency traders can anticipate. Significant developments often have major impacts on market charts. Below are the details of important events set to take place in the coming days.
October 15, Tuesday
- 00:00 Fed/Kashkari Speaks
- 18:30 Fed/Daly
- 20:05 Fed/Kugler
- XLM Meridian 2024 Event
- IOTA Announcement
- WLFI Token Sale
October 16, Wednesday
- 02:00 Fed/Bostic
- HOOD Summit 2024
- Avalanche Summit
October 17, Thursday
- 12:00 Eurozone Core CPI (Forecast: 2.7% Previous: 2.8%)
- 14:00 Central Bank of the Republic of Turkey Rate Decision (Forecast: Unchanged)
- 15:15 Eurozone Rate Decision (Forecast: 3.4% Previous: 3.65%)
- 15:30 US Jobless Claims (Forecast: 241K Previous: 258K)
- 01:30 Robinhood Announcement
- 20:00-21:00 WLD Event
How Will These Impact Cryptocurrencies?
We are unlikely to witness major events that could shake the cryptocurrency markets. We have entered one of the calmer weeks regarding developments that may cause price fluctuations. This tranquility provides a positive environment for potential rises in cryptocurrencies. We have recently seen significant price fluctuations in altcoins.
It wouldn’t be surprising if some teams seize this calm period to announce major news in the coming days. Partnership announcements, new technology upgrades, and more could lead to substantial gains in some altcoins within minutes.
One topic on the agenda of cryptocurrency investors is the upcoming US elections. Harris leads in the results of reputable polls. This implies that Trump’s potential loss could increasingly pressure cryptocurrencies as the date approaches. While Harris has said very little about cryptocurrencies, Trump has directly mentioned buying Bitcoin and converting seized BTC assets to Fed reserves.
