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US CPI DAY - What are the expectations? Today, at 14:30 CEST, we will get US CPI data for October. These are high-impact news that could cause big market volatility. The market analysts are forecasting the core inflation to stay the same at 4.1% while the expectations for headline inflation are that we're going to see a drop from 3.7% to 3.3%. How will this affect the crypto? As a rule of thumb, if we get results same or better than the expectations, we expect the crypto market to positively react. However, if the results are worse than the expectations, it can negatively affect the crypto market. The current state of the crypto market is more focused and driven by ETF speculation so we believe that only a big surprise in CPI data could cause a big move in the market.
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💰 Bitcoin Addresses With Over $1K of #BTC Hits Record 8M, Data Shows The number could grow exponentially, representing a tremendous amount of purchasing power yet to buy.
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💰 Block’s Q3 Earnings Show $2.42 Billion Bitcoin Revenue, Marking 37% Annual Growth
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💰 Polygon’s NFT Sales Skyrocket By 131% To $20 Million In Q3 2023 Polygon (MATIC), a Layer 2 (L2) blockchain network, experienced remarkable growth in the third quarter of 2023. According to a report by Messari, the platform witnessed a significant increase in non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token. Per the report, in Q3 2023, Polygon witnessed a staggering 131% quarter-on-quarter increase in weekly NFT sales volume, reaching an impressive $20 million. This growth was primarily attributed to the success of DraftKings’ Reignmaker NFT collection. The collection featured officially licensed cards from renowned sports organizations like the National Football League Players Association (NFLPA), Professional Golfers’ Association of America (PGA TOUR), and Ultimate Fighting Championship (UFC). Furthermore, through Q3, Polygon achieved significant milestones in terms of technological advancements. Moreover, Polygon activated the POL token on its mainnet during Q3 2023. POL serves as an upgrade to the existing MATIC token and offers holders the opportunity to contribute to network security across various chains within the Polygon ecosystem through a native re-staking protocol.
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🔔 On November 3rd, Binance will remove and cease trading on the following spot trading pairs: ▶️ In BUSD Pair: ◾️CAKE ◾️COMP ◾️CRV ◾️EOS ◾️FIDA ◾️FLOW ◾️GLMR ◾️GRT ◾️HFT ◾️ICP ◾️KEY ◾️LDO ◾️LEVER ◾️MAGIC ◾️MASK ◾️MKR ◾️MULTI ◾️OG ◾️PHB ◾️PYR ◾️SANTOS ◾️T ◾️UNI ◾️XMR ◾️XVG
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