Crypto week ahead: Market braces for US elections, FOMC meeting

The cryptocurrency market is headed for one of the most crucial weeks this year. Speculation on the week’s events has triggered price declines. At press time, all the top 50 cryptos by market capitalization, apart fromThe liquidations affected more than 104,000 traders, with the largest liquidation order of $9.9 million happening on the OKX exchange.might have stirred the recent price moves.

A Trump win is expected to have a net positive impact on the crypto market due to his pro-crypto campaign policy.The Federal Open Market Committee will hold its next meeting on 7th November. During the previous meeting, the committee slashed interest rates by 50 basis points, which set the stage for a recovery in risk assets such as crypto.

Data from the CME FedWatch Tool shows that 98% of investors are anticipating another rate cut, of 25 basis points, during the November meeting.If the Federal Reserve trims rates per the market expectations, crypto prices are poised for an uptrend. This is because a loose monetary policy increases investors’ risk appetite, which boosts demand for assets such as crypto., the US September inflation rate came in at 2.1%, inching closer to the Federal Reserve’s target of 2%.

After the September meeting, Bitcoin gained by around 8% within a week. A similar upward move could propel BTC to record highs given that at its current price, it is 7% shy of its all-time high.At its current value, this index shows that the market is in a state of greed. This sentiment tends to spur buying activity, which in turn leads to price gains.

This shows that crypto traders are still looking towards more gains after the recent pullback. Some catalysts of this positive sentiment include the FOMC meeting and expectations that Q4 has historically boded well for crypto prices.Mary is a seasoned crypto news writer passionate about blockchain technology, digital assets, and Web3. She has two years of experience delivering insightful analysis and news on key developments in the industry.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia, crypto space, money market flows: Market TakeawaysUS stocks (^DJI, ^IXIC, ^GSPC) charged into positive territory today, with the S&P 500 and Dow Jones Industrial Average notching brand new record highs...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

SANTOS crypto skyrockets 100% as market eyes probable reversalSANTOS crypto soars to a 7-month high following its Binance listing, with investor interest surging and potential risks on the horizon.
Source: CryptoAmb - 🏆 22. / 68 Read more »

What USDT dominance reveals about the health of the crypto marketCan USDT dominance offer insights into where the crypto market might be headed? Here's what the latest data reveals.
Source: CryptoAmb - 🏆 22. / 68 Read more »

MUMU crypto rises 84% in 30 days: Targets $1B market capMumu the Bull has surged by over 23% in the last 24 hours and 84% over the past month eliciting potential future gains.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Crypto bull market in full swing as Bitcoin surpasses $73k, analyst predicts $150k top in 2025The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Crypto fraud: US charges 3 market makers, 18 others in sting operationUS government has clamped down on crypto fraud and manipulation in sting operation that nabbed key crypto market makers.
Source: CryptoAmb - 🏆 22. / 68 Read more »