3 major events that could shake up the cryptocurrency market this week

3 major events that could shake up the cryptocurrency market this week

BTC has risen to $115,000 now, but it is expected to be a volatile week.

Bitcoin enters this hectic and likely volatile trading week on the right foot, with its price rising to $116,000 on Monday morning.

The question now is whether this rally will sustain in the coming days, as the US Federal Reserve is expected to cut key interest rates, along with a major meeting between Presidents Trump and Jinping, and companies releasing earnings reports.

Big week ahead

Monday and Tuesday have no events scheduled from a US macro perspective and could be the calm before the storm, which is likely to begin on Wednesday. The chairman of the US Federal Reserve is scheduled to hold a news conference just after the central bank announces its interest rate decision.

Polymarket experts and odds expect a 25 basis point rate cut. The chances increased last week when September CPI figures were released, which showed inflation was not as high as many feared.

“As the government shutdown approaches the 30th, the Federal Reserve will release its interest rate decision on Wednesday.

“We will then hear from Fed Chair Powell in a highly anticipated statement amid the data blackout,” The Kobeissi Letter said.

President Donald Trump and President Xi Jinping will meet Thursday in South Korea to discuss a potential trade deal between the two nations. Previous developments on the matter weighed on cryptocurrency markets, including yesterday’s indication that a deal could be in the works.

Additionally, some of the largest US companies, including Microsoft, Alphabet, Meta, Apple and Amazon, will report earnings this week.

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Impact on crypto markets

BTC began its ascent yesterday after the aforementioned hint from US Secretary Bessent, as the asset jumped from under $112,000 to over $113,500 and up to $116,000 earlier this morning. Altcoins followed suit with some impressive gains.

The question now is whether the market has priced in a possible Fed rate cut and a US-China deal, or whether the real impact of both developments is yet to be felt. In any case, next week looks to be eventful and possibly volatile.

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