Global markets and the cryptocurrency world face a busy week of economic data and central bank events between October 26-30. At this point, according to analysts, the direction of Bitcoin could be determined by the US Federal Reserve’s (FED) interest rate decision, US growth and inflation data, the interest rate decisions of the Bank of Japan (BoJ) and the European Central Bank (ECB), the US midterm elections on November 3, and the financial results of corporate companies. For investors, the key question this week will be whether global financial conditions will ease enough to support crypto assets. Developments to be announced on Wednesday and Thursday, in particular, are expected to increase volatility in Bitcoin.
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