The past week has seen a significant rise in the cryptocurrency market, particularly with Bitcoin, which has increased by almost 10%. However, the upcoming week is set to feature numerous economic developments that could impact the cryptocurrency market, along with various altcoin-related events.
Bitcoin Rise Over the Past Week
As of the latest, the BTC price is trading around $68,529, just shy of the psychological $70,000 mark.
Key Events and Speeches
This week, several notable events are scheduled, including SEC Chairman Gary Gensler's appearance at the SIFMA Annual Meeting in New York and his discussion with SIFMA President and CEO Kenneth Bentsen.
Important Events of the Week
Key events of the week include:
- October 21: ATOM — Cosmoverse Event; FOMC member Kashkari speaking at 20:00. - October 22: Real World Assets (RWA) Summit; FOMC member Harker speaking at 17:00. - October 23: ADA — Cardano Summit; FED's Beige Book document published at 21:00. - October 24: US Initial Jobless Claims. - October 27: Money20/20 Fintech Event.
With Bitcoin's price surge, experts anticipate notable shifts in the cryptocurrency market due to the upcoming economic events. These events may influence price dynamics in the near future.