As of November, cryptocurrency markets have entered a new era following the election results. Important macroeconomic developments that may affect investors and market dynamics are expected next week. These developments are of great importance, especially in terms of analyzing events that may create volatility in advance.
During the week, the Fed minutes to be released on Tuesday and the start of the Starknet staking process will be among the prominent developments. On Wednesday, economic indicators such as US unemployment claims, durable goods data, growth rates and PCE data will determine the direction of the markets. The fact that US markets will be closed on Thursday and there will be a half-day of trading on Friday may cause low trading volume in the last two days of the week.
The most notable developments of the week will be the Fed minutes and PCE data. These indicators may shape investors' expectations for a rate cut before the Fed meeting in December. Uncertainty about interest rate policy can directly affect the volatility in cryptocurrency markets. Especially if the data comes in negative, interest rate cut expectations may decrease, which may put pressure on the markets.
On the other hand, if the PCE data comes in line with or better than market expectations, the bullish trend could be supported by the Fed focusing on long-term targets. This scenario could lead to Bitcoin gaining value and reaching new highs. However, even in this case, there is a possibility of profit-taking during large price movements.
Bitcoin potentially reaching higher levels could also affect altcoins. However, potential outflows from ETFs could put serious pressure on the altcoin market. It is very important for cryptocurrency investors to follow these developments carefully and create their strategies accordingly.
