Summary
- Bitcoin is trading above $65,000, up by over 5% today.
- 10 upcoming events this week could affect the coin’s trajectory.
Bitcoin managed to surpass $65,000 today, following the weekend political events.
At the moment of writing this article, BTC is trading above $65,800, up by over 5% in the past 24 hours.
BTC kicked off a price rally today, following political events during the weekend.
The Guardian reported that police arrested an armed man during a California rally organized by Donald Trump, preventing a potential 3rd assassination attempt against the former President of the US.
More upcoming events this week in the US and beyond could affect BTC‘s price.
Top 10 Events This Week Potentially Affecting BTC’s Trajectory
Greeks.live offered a sneak peek at this week’s big events that could affect the trajectory of BTC’s price.
They noted via a message on X that this week will bring Fed meetings, while the market is expecting more rate cuts.
Here are the top events of the week:
- Minneapolis Fed President Kashkari participates in a panel discussion. (October 14)
- Fed. Governor Waller will speak on the economic outlook. (October 15)
- 2024 FOMC Voter takes place and the San Francisco Fed President Daley will speak at an event hosted by NYU Stern School of Business. (October 15)
- Fed Governor Kruger will speak. (October 16)
- UK CPI for September will be released. (October 16)
- Eurozone September CPI data is set to be released. (October 17)
- ECB will announce the interest rate resolution. (October 17)
- US initial jobless claims for the week will be released. (October 17)
- US Monthly retail sales for September will be released. (October 17)
- President Lagarde’s monetary policy press conference will take place. (October 17)
Market Overview
The US elections are gradually approaching, and the market needs more information about the candidates in order to make a choice.
According to Greeks.live, the current polls show Kamala Harris’ support is 2% higher, while Polymarket shows that Donald Trump’s support is 10% higher.
The crypto market is still shaky this month, and there is nothing hot in the major speculative markets at the moment.
Bitcoin’s major term IVs are currently in the middle of the pack and there’s a significant drop in IVs around the US elections. Greeks.live noted that now is a good opportunity to lay out some medium to long-term calls this week.
