Just like every week, today too cryptocurrency investors We discuss the important developments of the week for you. We will see busy times in the coming days, and it will be advantageous for investors to be prepared for these events. You can review the expectations along with the day and time details here. What awaits cryptocurrencies in the coming days?
Important Developments in Cryptocurrencies
Bitcoin 
$62,036 (BTC) It is stalling around $61,900 on Sunday and it doesn’t look like $63,000 will be exceeded over the weekend. This annoying situation for altcoins confirms that the difficult environment that has been going on for more than 6 months has not ended yet. Investors who are hopeful that the historical October rise will begin as of October 7 should be prepared for some major developments.
Monday, October 7
- 20:00 Fed/Bowman
- 20:50 Fed/Kashkari
- Hearing Day for FTX Restructuring Plan Approval
Tuesday, October 8
- 01:00 Fed/Bostic
- 10:00 Fed/Kugler
- 19:45 – 23:00 Fed/Bostic and Collins
- EIGEN ($30.69 Million)
Wednesday, October 9
- 21:00: Fed Minutes
- HBO to Air Documentary Claiming to Find Nakamoto
- Blockworks Permissionless Event
Thursday, October 10
- 15:30 US Unemployment Claims (Expectation: 230K)
- 15:30 US Inflation (Expected: 2.3% Previous: 2.5%)
- 15:30 US Core Inflation (Expected: 3.2% Previous: 3.2%)
- 16:15 – 18:00 Statements by Fed Members
- Tesla Robot Announcement
- OP ($19.83 Million)
Friday, October 11
- 15:30 US Producer Inflation (Expected: 1.6% Previous: 1.7%)
- 15:30 US Core Producer Inflation (Expected: 2.7% Previous: 2.4%)
- 23:00 BlackRock Earnings Report
- APT ($98.96 Million)
Note: 24 days left until TIA Coin’s massive $920 Million lock opening.
What Investors Should Pay Attention to
Cryptocurrency investors We are going to see an exciting week for you. More regrets about the postponement of the interest rate cut in July in the Fed minutes may have a positive impact on the markets. Moreover, the signals that members will give in the minutes regarding the rate of interest rate reductions for the next 12 months are also extremely important.
The decline in inflation is expected to continue, and the expected inflation data this week may increase the potential for the Fed to cut 50bp in November. In any case, a total reduction of 100bp is expected before the end of this year and the base scenario is priced in by the market. After this stage, with the expected data to come, increasing optimism will need to trigger the expected last quarter crypto rise.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
