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COINTURK NEWS > Cryptocurrency News > Upcoming Events Shape Cryptocurrency Market Dynamics
Cryptocurrency News

Upcoming Events Shape Cryptocurrency Market Dynamics

In Brief

  • Bitcoin price stands at $68,402 as October ends.

  • Key macroeconomic events might influence cryptocurrency markets this week.

  • Tesla's upcoming earnings reports may not generate significant excitement.

Ömer Ergin
Ömer Ergin 7 months ago
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Bitcoin $111,379 price currently stands at $68,402 as we approach the end of October. As expected, October brought some upward movement in cryptocurrencies, though significant surges were not observed. Testing the previous all-time high (ATH) level requires closing above $69,000. What important developments can we anticipate for cryptocurrencies in the coming days?

Contents
Significant Upcoming Events for CryptocurrenciesOctober 21, MondayOctober 22, TuesdayImpact on Cryptocurrencies

Significant Upcoming Events for Cryptocurrencies

As we do each week, we discuss important developments that will impact cryptocurrencies in the days ahead. Investors can prepare for these events, which may cause volatility, to potentially benefit from the outcomes. Below is a comprehensive list of the events to be held in the upcoming days.

October 21, Monday

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

October 22, Tuesday

  • 07:00 BRICS Meeting
  • Real-World Asset Event (Officials from PayPal, Fidelity, Franklin will speak)

Impact on Cryptocurrencies

This week, there aren’t any major events on the macroeconomic front. Statements made by Gensler on Monday could influence the markets. Throughout the week, we will monitor the Fed members’ evaluations regarding the November interest rate decision.

The event on Tuesday will feature many important figures. We will hear announcements from high-level executives of companies managing vast assets, such as Fidelity and Franklin. Their comments regarding networks like Ethereum $2,653 and Solana $179 may influence the prices of relevant altcoins.

Tesla’s earnings reports are forthcoming; however, as Musk’s BTC addresses have been identified, this event is not as thrilling as previous ones. It is known that Elon Musk’s company has not made any sales. The Beige Book will shed light on the economic outlook of the states, with signals regarding the ongoing decrease in inflation and regional employment situations.

Most importantly, we are approaching the U.S. elections in November. Weekly fluctuations in polls may impact cryptocurrencies. At the time of writing, BTC continues to find buyers at $68,371.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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 conduct their own research.

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Ömer Ergin 20 October, 2024 - 11:37 am 20 October, 2024 - 11:37 am
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