Cryptocurrency Markets Prepare for a Critical Week

Bitcoin and Ethereum on the Rise

Bitcoin and Ethereum have entered a consolidation phase near their cyclical peaks while awaiting the outcomes of the U.S.-China diplomatic processes and potential changes in Federal Reserve policies. Investors are keenly watching the impacts of these developments on the markets.

Expectations on U.S.-China Trade Talks

Polymarket investors rate the likelihood of a U.S.-China tariff agreement by November 10 at 92%. However, the probability of China lifting its rare earth export ban by the end of the year is estimated to be only 36%.

Market Uncertainties

The prolonged U.S. government shutdown and the upcoming earnings reports from Big Tech companies add more uncertainty to market movements. Investors need to proceed with caution during this process.