We have come to the end of another week in the cryptocurrency market. Over the past week, the leading cryptocurrency Bitcoin (BTC) has performed tremendously and is up over 10%. It finally managed to surpass the $30,000 level. #Bitcoin

The cryptocurrency market is focusing on a number of important events that will occur this week. These developments, which may affect both the crypto world and the general economy, are being followed closely.

Here are the important developments that may affect the price movements of Bitcoin and altcoins this week, according to the latest economic data:

🚨 Important Developments This Week 🚨

Tuesday, October 24

• Merit Circle (MC) will make an announcement at 20:00.

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• Microsoft, Google and Visa will announce their earnings reports.

• $11.5 million worth of dYdX (DYDX) will be unlocked, representing 0.64% of the total supply.

Wednesday, October 25

• Fed Chairman Powell will give a speech at 23.35.

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• US September New Home Sales data will be announced at 17.00. (679K is expected to arrive, the previous one was 675K.)

This data describes the annualized number of new homes sold in the United States in the last month. An upward trend has a positive effect on the country's currency, as does the housing market, which is an important measure for the entire economy. The new housing drive creates an economic ripple effect, with homeowners buying goods such as appliances or furniture for their own homes, and builders buying raw materials and housing more hired workers to meet demand. The high level of housing activity indicates that the building industry is healthy and consumers have the capital to make major investments.

Thursday, October 26

• CBRT Interest Rate Decision will be announced at 14.00.

• Türkiye Gross Foreign Exchange Reserves data will be announced at 14.30. (Previously it was $83.31 billion.)

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• Secret (SCRT) will announce its 2024 roadmap.

•  The European Leaders Summit will take place at 13.00.

• European Central Bank Interest Rate Decision will be announced at 15.15. (It is expected to be 4.5 percent, the previous rate was 4.5.)

• The European Central Bank (ECB) will make a press statement at 15.45.

• US 3rd quarter Gross Domestic Product (GDP) data will be announced at 15.30. (It is expected to come to 4.1, the previous one was 2.1.)

Gross Domestic Product (GDP) is a measure of economic activity and an important indicator of the health of the economy. The annual (quarterly change x 4) percentage change in GDP represents the growth rate in the entire economy. Consumption is the biggest value affecting the American GDP value. There can be considerable variation in the figures from quarter to quarter. A higher than expected value means a positive/bull market for the USD, and a lower than expected value means a negative/bear market for the USD.

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•  U.S. Unemployment Benefits Claims will be released at 3:30 p.m. (It is expected to arrive at 209K, the previous one was 198K.)

It determines the number of individuals who have registered for unemployment insurance in the last week. This weekly indicator provides very up-to-date data, but traders generally view unemployment as an indicator that gives a small indication of the economy's future performance. A downward trend is when working people tend to spend more money, which has a positive effect on the country's currency as consumption accounts for a large share of GDP.

Friday, October 27

• US Annual Core Personal Consumption Expenditures Price Index (PCE) will be announced at 15.30. (It is expected to be 3.7 percent, the previous rate was 3.9.)

• $5.5 million worth of Flow (FLOW) will be unlocked, representing 1.06% of the total supply.

• FLOKI will make an important announcement.

Floki's latest DAO proposal is to launch a staking reward token. This means that Floki holders can earn a new reward token by locking and staking their FLOKI tokens for a period between 3 months and 4 years. The reward token will be a utility token in an emerging industry with trillion-dollar potential, and corporate partnerships for the new token have already been signed.

If the proposal is accepted, the Floki STAKING program and two key roadmap elements (Project TL + Mystery Project) will be available on October 27, 2023.

This proposal is an important development for the Floki ecosystem, as it will offer owners a new way to earn rewards and support the project. The staking program will also help lock FLOKI tokens, which could lead to price appreciation in the long run.

Sunday, October 28

• $8.5 million worth of Open Campus (EDU) will be unlocked, corresponding to 2.12% of the total supply.

These important developments may cause fluctuations in the cryptocurrency market and have an impact on the value of Bitcoin and other altcoins. Cryptocurrency investors and market followers can improve their trading strategies and shape their decisions accordingly by monitoring these developments closely.

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