👀Key events next week that could impact the cryptocurrency market:
1. UK Economic Data: On October 31, the Q3 GDP data will be released. Strong results could heighten expectations for maintaining high interest rates, which may put pressure on crypto assets. Investors should monitor this data closely to adjust their strategies.
2. Bank of England Comments: While the next BoE meeting on interest rates is scheduled for early November, remarks from officials are expected this week. Any hints about changes in monetary policy could influence market expectations and the movements of Bitcoin and Ethereum.
3. UK Elections (November 5): Although the elections are a week away, their impact is already being felt. Rishi Sunak and Keir Starmer have different approaches to crypto regulation. Investors anticipate that Sunak might be more favorable to the market, while Starmer is expected to focus on increased regulation.
These events create uncertainty and volatility in the crypto market. Stay updated on the news to keep up with changes and adjust your investment decisions accordingly.
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