On Friday, important data regarding the US economy will be released. Before the week is out, we will know whether the SEC will appeal the Ripple case. The historically bullish performance in October excites investors.
Bitcoin on the last day of September$BTC
While it fell to $ 63,931, its price fell to $ 63,249 due to the rejection from $ 66,000. Nevertheless, it is a positive situation that the $ 61,700 level is maintained as support. Today, we will discuss important developments in the coming days and inform investors about what awaits them in the cryptocurrency market.
In October, the SEC will be resubmitted 13F forms and we will learn which cryptocurrency ETFs companies with assets over $100 million have bought and sold. These reports, which are followed carefully every quarter, are also critical in October. So, what are the other developments that concern cryptocurrency investors?
Monday, September 30
20:55: Powell Will Speak
Tuesday October 1st
12:00: EU Inflation (Expected: 2.7%, Previous: 2.8%)
16:45: US Manufacturing PMI (Expected: 47, Previous: 47.9)
5:00 PM: US JOLTS (Expected: 7.640M, Previous: 7.673M)
18:00: Cook and Bostic from Fed to Speak
Wednesday October 2nd
15:15: US ADP Employment Report (Expected: 124K, Previous: 99K)
18:00-19:15: Bowman and Barkin from the Fed to Speak
Digital Assets Week Londra
ENA Unlocked ($169 Million)
Thursday, October 3
15:30: Unemployment Claims (Expected: 221K, Previous: 218K)
Surprise Announcement from Axelar Network
Friday, October 4th
15:30: US Average Hourly Earnings (Expected: 0.3%, Previous: 0.4%)
US Nonfarm Payrolls (Expected: 146K, Previous: 142K)
US Unemployment Rate (Expected: 4.2%, Previous: 4.2%)
SEC may appeal Ripple case.
If the data to be released on Friday indicates further easing in employment, it could increase the likelihood that the Fed will make a 50 basis point cut at its November meeting. Surprise data could lead to increased volatility in the market. In addition, an important test period for the historical performance of October is beginning. Although investors' hopes for October have made the last days of September relatively positive, it is useful to follow the developments closely. We will share Powell and other Fed members' statements instantly and learn the SEC's decision on whether to appeal.