Bank

America

Bitcoin

Reserve

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Important economic events this week ahead of the US elections could affect Bitcoin’s trajectory.</li> 
 <li>BTC is currently trading above $68,000, after earlier surpassing $69,000.</li> 
</ul> 
<p>Multiple economic events of the current week could affect Bitcoin and the crypto market’s trajectory, less than 3 weeks ahead of the important US elections.</p> 
<h2 id="top-10-events-potentially-affecting-btc-price">Top 10 Events Potentially Affecting BTC Price</h2> 
<p>In a recent post via X, Greeks.live addressed the most important upcoming events worth watching that could alter BTC’s trajectory:</p> 
<ol> 
 <li>The Dallas Fed President Lorie K. Logan will speak at the 2024 Securities Industry and Financial Markets Association of America (SIFMA) annual meeting today. (October 21)</li> 
 <li>The Kansas Fed President Jeffrey Schmid will speak on the outlook for the economy and monetary policy. (October 22)</li> 
 <li>The IMF will publish the Global Economic Outlook report. (October 22)</li> 
 <li>Bank of Canada will announce the interest rate resolution and monetary policy report. (October 23)</li> 
 <li>ECB President Christine Lagarde will speak on the European economic outlook. (October 23)</li> 
 <li>IMF-World Bank annual meeting will take place. (October 23)</li> 
 <li>The Bank of Japan’s Governor Kazuo Ueda will speak at the IMF-sponsored Governors’ Meeting. (October 24)</li> 
 <li>The Federal Reserve in the US will release its Brown Book on economic conditions. (October 24)</li> 
 <li>US initial jobless claims for the week will be released. (October 24)</li> 
 <li>The US final University of Michigan consumer confidence index for October will be released. (October 25)</li> 
</ol> 
<p>All these are important economic events that will take place amidst the market’s expectations for the next interest rate cut and might potentially affect the price of Bitcoin and the crypto market’s trajectory.</p> 
<h2 id="bitcoin-is-trading-above-68-000">Bitcoin Is Trading Above $68,000</h2> 
<p>At the moment of writing this article, BTC is trading above $68,000, up by around 0.3% in the past 24 hours.</p> 
<figure id="attachment_52043" aria-describedby="caption-attachment-52043" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87.jpeg"><img loading="lazy" decoding="async" class="wp-image-52043 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Top 10 Events That Could Affect Bitcoin Price Trajectory This Week: October 21-25 29" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-87-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52043" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Earlier, Bitcoin reached prices above $69,000, an important level that has been not seen since June. The current BTC rally kicked off last week, on October 14, when BTC debuted a price surge from around the $62,000 levels.</p> 
<p>The latest BTC rally has been fueled by<a href="https://crypto.ro/en/news/bitcoin-price-surpassed-69k-as-btc-etfs-saw-3rd-biggest-week-at-2-13b/"> multiple factors</a> including a consistent flow in BTC ETFs in the US, whale accumulation, and the rising odds of a Trump win in the upcoming US elections.</p> 
<h2 id="crypto-market-outlook">Crypto Market Outlook</h2> 
<p>The US election is gradually approaching and Trump’s support continues to rise. Now, according to data from Polymarket he continues to lead Kamala Harris by 60.7% to 38.9%.</p> 
<figure id="attachment_52044" aria-describedby="caption-attachment-52044" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1.png"><img loading="lazy" decoding="async" class="wp-image-52044 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1.png" alt="Polymarket" width="1134" height="465" title="Top 10 Events That Could Affect Bitcoin Price Trajectory This Week: October 21-25 30" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1.png 1134w, https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1-300x123.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1-1024x420.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1-768x315.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/21-oct-polymarket-1-750x308.png 750w" sizes="(max-width: 1134px) 100vw, 1134px"></a>
 <figcaption id="caption-attachment-52044" class="wp-caption-text">
  Polymarket
 </figcaption>
</figure> 
<p><a href="https://x.com/GreeksLive/status/1848003820372296154" rel="nofollow" target="_blank">Greeks.live</a> noted that the IV election cycle remains relatively firm, with expected chances of a Trump Presidency that have already begun being <a href="https://crypto.ro/en/news/bitcoin-october-rally-a-sign-of-markets-pricing-in-a-potential-trump-2024-elections-victory/">priced in</a> by the markets.</p> 
<p>They also highlighted that Bitcoin’s major term IVs have stabilized at 55% around the US elections, and this week represents a good opportunity to lay out some medium to long-term calls.</p> 
<p>Regarding the crypto interest rate market, the Bitfinex interest rate market has been relatively stable lately, with occasional 20% high-interest orders.</p>

Top 10 Events That Could Affect Bitcoin Price Trajectory This Week: October 21-25

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