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COINTURK NEWS > Cryptocurrency News > Bitcoin Price Approaches $65,000 as Upcoming Events Shape Market Sentiment
Cryptocurrency News

Bitcoin Price Approaches $65,000 as Upcoming Events Shape Market Sentiment

In Brief

  • Bitcoin's price approaches $65,000 as market conditions evolve.

  • Key events this week could influence cryptocurrency trends significantly.

  • Upcoming US elections may impact cryptocurrency investor sentiment.

Ömer Ergin
Ömer Ergin 8 months ago
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Bitcoin (BTC) $106,233 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.

Contents
Key Developments of the WeekOctober 15, TuesdayOctober 16, WednesdayOctober 17, ThursdayHow Will These Impact Cryptocurrencies?

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.

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 14 October, 2024 - 4:03 pm 14 October, 2024 - 4:03 pm
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