Critical Dates in Bitcoin and Cryptocurrency Market

This week will witness significant developments in the global financial markets for cryptocurrency investors. While the volatility of leading crypto assets like Bitcoin and Ethereum has caught the attention of investors in recent weeks, the announcement of financial data between October 27 and November 2 could trigger new fluctuations in the markets.

In particular, on October 29, Wednesday, the interest rate decision will be announced by the United States Federal Reserve. This decision is expected to be announced at 21:00. The current interest rate is expected to remain at 4%, while the previous rate was recorded at 4.25%. Following this, Fed Chairman Jerome Powell's statements at 21:30 may have a significant impact on the markets.

Additionally, on October 30, Thursday, the United States Gross Domestic Product (GDP) data will be announced. These data, which will be announced at 15:30, are considered critical in reflecting the growth rate of the economy. The expectation is for a growth rate of 3%, while the previous rate was recorded at 3.8%. Furthermore, the Eurozone interest rate decision will be announced on October 30, Thursday, at 16:15. The expected rate seems likely to remain unchanged at 2.15%.

Another important development is the Eurozone Consumer Price Index (CPI) data to be announced on October 24, Friday. This data is expected to be announced at 13:00, with a predicted rate of 2.1%, while the previous rate was 2.2%. How these data will affect cryptocurrencies is eagerly anticipated by investors.

Finally, on the same day, the United States Core Personal Consumption Expenditures Price Index (PCE) data will also be announced. This data should be highlighted as another important factor that could influence market fluctuations.

For cryptocurrency investors during this period, the critical points to pay attention to are to analyze the effects of the announced macroeconomic data on the market and to monitor price levels closely. How the leading crypto assets (Bitcoin and Ethereum) react to this data will be crucial in shaping investors' strategies.