Cryptocurrency

Major

Biden

Elon Musk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-developments-in-cryptocurrency-this-week-2/" data-wpel-link="internal">Key Developments in Cryptocurrency This Week</a><br></p>
<p style="text-align: justify">This week, we focus on significant developments in <a href="https://en.coin-turk.com/bitcoin-price-drops-to-two-month-low/" data-wpel-link="internal">cryptocurrencies</a>, marking a critical period for market participants. As anticipation builds around the approval of spot Bitcoin ETFs, this week could be the most pivotal since such approvals began. With only hours left until the U.S. presidential decision, many are wondering what awaits investors.</p> 
<h2 style="text-align: justify" id="major-developments-of-the-week">Major Developments of the Week</h2> 
<p style="text-align: justify"><strong>Cryptocurrency</strong> enthusiasts consider this week among the most crucial of the year. If Trump wins, his promises for cryptocurrencies could lead Bitcoin to reach six-figure levels within months. However, if Harris emerges victorious, it may dampen spirits in the short term. Numerous key developments are scheduled for this week.</p> 
<h3 style="text-align: justify" id="november-4-monday">November 4, Monday</h3> 
<ul style="text-align: justify"> 
 <li>10:00 Turkey Inflation (Expectation: 48.3%, Previous: 49.38%)</li> 
 <li>10:00 Turkey Monthly Inflation (Expectation: 2.66%, Previous: 2.97%)</li> 
 <li>18:00 U.S. Factory Orders (Expectation: -0.5%, Previous: -0.2%)</li> 
 <li>Digital Assets Week Singapore Event</li> 
</ul> 
<h3 style="text-align: justify" id="november-5-tuesday">November 5, Tuesday</h3> 
<ul style="text-align: justify"> 
 <li>16:00 U.S. Elections</li> 
</ul> 
<h3 style="text-align: justify" id="november-6-wednesday">November 6, Wednesday</h3> 
<ul style="text-align: justify"> 
 <li>Singapore Fintech Festival</li> 
 <li>IDRT, KP3R, OOKI, UNFI to be Delisted (<a href="https://en.coin-turk.com/binance-withdraws-crypto-license-application-in-abu-dhabi/" data-wpel-link="internal">Binance</a>)</li> 
</ul> 
<h3 style="text-align: justify" id="november-7-thursday">November 7, Thursday</h3> 
<ul style="text-align: justify"> 
 <li>16:30 U.S. Jobless Claims (Expectation: 220.5K, Previous: 216K)</li> 
 <li>22:00 Fed Interest Rate Decision (Expectation: 25bp Cut)</li> 
 <li>22:30 Fed Press Conference</li> 
</ul> 
<h3 style="text-align: justify" id="november-8-friday">November 8, Friday</h3> 
<ul style="text-align: justify"> 
 <li>19:00 Fed/Bowman Speaking</li> 
</ul> 
<h2 style="text-align: justify" id="elections-and-interest-rate-decision">Elections and Interest Rate Decision</h2> 
<p style="text-align: justify"><strong>Elon Musk</strong> has been vocally supporting Trump in recent weeks. Should Trump win, Musk’s influence could be significant. With just hours remaining, Trump’s campaign has gained traction following a violent incident months ago. He has publicly outlined his projects and ardently supported cryptocurrencies.</p> 
<p style="text-align: justify">Despite a lackluster debate performance against Harris, Trump currently holds around 47% in recent polls, just shy of Harris’s 48%. If Biden had not ceded his position to Kamala Harris, Trump’s chances might have been better. However, polls indicate that Trump is gaining ground over time.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-403123 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/secim-anket-abd-3-kasim.png" alt="" width="910" height="617"></p> 
<p style="text-align: justify">Moreover, just two days after the elections, the Fed will announce its interest rate decision. Upcoming announcements may provide insights into the pace of potential rate cuts, which could enhance investor appetite for quicker easing scenarios. The coming days represent some of the year’s most significant moments.</p> 
<p>The post <a href="https://en.coin-turk.com/key-developments-in-cryptocurrency-this-week-2/" data-wpel-link="internal">Key Developments in Cryptocurrency This Week</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Key Developments in Cryptocurrency This Week

Table of Contents

COINTURK NEWS

Other articles published on Nov 3, 2024

3 cryptos heating up: Solana, XRP, and a new altcoin set to transform $500B industry

Elon Musk Mentioned the Name of a New Memecoin: Price Spikes

Bitcoin (BTC) Plunges to $67K as Ethereum (ETH) Approaches Key Support

Top Reason Behind MicroStrategy’s Bitcoin Success Revealed By Michael Saylor

XYZVerse (XYZ) Presale Surges 17,500%, Poised to Dethrone Dogecoin and PEPE

$5000000 Raised: This ‘Ethereum Killer’ Just Set a New Record: Not Solana

Join our free newsletter for daily crypto updates!