Fed Interest Rate Decision and a Potential Merger: Crypto Week Ahead
This week's crypto outlook focuses on the Federal Reserve's interest rate decision and Core Scientific's merger vote.Summary
The upcoming week, starting October 27th, presents several key events for the cryptocurrency market, including a crucial Federal Reserve interest rate decision on October 29th, which is anticipated to be the major market mover. Crypto investors will be watching Bitcoin and Ether for any significant break from current support or resistance levels. A significant corporate event is the Core Scientific virtual meeting on October 30th to vote on a potential merger with CoreWeave. The week is packed with other crypto-specific events, such as Kadena's AMA, Ethereum's Fusaka hard fork upgrade on the Hoodi testnet, Cronos's "Smarturn" upgrade, and the shutdown of Paxful by November 1st. Macroeconomic data releases include manufacturing indices from Dallas and Richmond, unemployment rates from Mexico, and the Bank of Canada's rate decision. Additionally, several token unlocks are scheduled, with SUI and EIGEN having substantial unlocks early in November, and various DAOs, including Decentraland, GnosisDAO, and Arbitrum, are holding governance votes on funding and operational changes.
(Source：CoinDesk)