Some of the key economic data and events to watch out for between now and the end of the week are:

1. FOMC Minutes (Wednesday, October 9): Investors will be closely analyzing the minutes to get a better understanding of the Federal Reserve’s recent decision to cut interest rates by 0.50%. This could provide clues about the Fed’s future monetary policy stance.

2. US Inflation Data (Thursday, October 10): The release of the Consumer Price Index (CPI) and Core CPI for September will be important. Analysts expect inflation to ease slightly, which could impact market sentiment around the Fed’s interest rate decisions.

3. Producer Price Index (Friday, October 11): This will provide more insight into inflation at the wholesale level, providing clues about future consumer prices.

These events, along with ongoing discussions by Fed officials and trade balance data, could create volatility across a variety of markets, including cryptocurrencies. Watch the market’s reaction to these reports for potential moves in Bitcoin prices.

$BTC

Bitcoin (BTC) fell sharply today due to a combination of factors. First, technically, Bitcoin lost an important support level at $64,000, leading to a large sell-off. In the past 24 hours, the market witnessed more than $521 million in liquidations, mainly from Long orders, causing the BTC price to continue to fall sharply. Many large orders were liquidated on the Binance exchange, causing the BTC price to reach $60,000 at times.

In addition, geopolitical tensions in the Middle East also negatively affected investor sentiment. The escalating conflict between Iran and Israel has increased instability in the global financial market, leading to a decline in the crypto market. In addition, expectations of monetary policies from the FED have also made many investors more cautious.

These factors put pressure on BTC, causing the price of this cryptocurrency to fall sharply recently.

$BTC
#BTC

#MyFirstSquarePost New to Binance Square, want to share and connect with everyone here!