Crypto Market News: Volatility Expected This Week, Here's Why

Crypto Market News: What’s To Be Expected This Week?

The cryptocurrency market is bracing for a volatile week ahead amid key macroeconomic events. As the week has kicked off with a positive trend, significantly recovering from the 1011 crash, investors and traders are keenly awaiting to see how these upcoming developments could shape the industry. Let's dive into the latest Crypto Market News and explore what's driving volatility in the space.

Crypto Market News: What’s Waiting Ahead?

Significantly, a bunch of macroeconomic events are slated to occur this week, poised to reshape the crypto space. Amid the ongoing US government shutdown, the community is keenly awaiting key events, including the Federal Reserve’s FOMC meeting and the rate cut decision. In addition, several other major events are also taking place, further contributing to anticipations of a volatile crypto market.

In a recent X post, analyst Ash Crypto wrote, “THIS IS GONNA BE A BIG WEEK.” Besides the Fed rate cut, tech giants’ earnings reports, and the Trump-Xi meeting are also poised to make massive changes in the industry.  

FOMC Meeting and Fed Rate Cut

Over the past few weeks, the community has been keenly awaiting the Fed’s FOMC meeting on October 28-29 to see any signs of a policy shift. While the US government shutdown has resulted in a data blackout with key economic reports like the jobs report unavailable, the Fed's decision on interest rates remains uncertain. However, as officials, including Chair Jerome Powell, have already hinted at a loosened monetary policy, economists expect a 25- or 50-basis-point rate cut. This could be positive crypto market news, which could significantly impact the industry and token prices.

Tech Giants' Earnings Reports

In addition to the Federal Reserve’s key decision, tech giants like Microsoft, Alphabet, and Meta are expected to release their earnings reports. These firms account for around 25% of the S&P 500 Index, and as the expected robust reports are expected to make a positive impact on the digital asset industry. Also, behemoths like Apple and Amazon are gearing up to redefine the space with their reports.

US-China Meeting

The upcoming meeting between President Donald Trump and China’s Xi Jinping on Thursday could significantly impact global trade and economic stability. A positive outcome may boost sentiment, while increased tensions could lead to a flight to safe-haven assets. As CoinGabbar previously reported, Trump’s imposition of a 100% tariff on China had led to the greatest market crash of all time. If this meeting results in a mutual agreement and loosened policy, it could lead to a rebound and a potential rally. Otherwise, the industry could see yet another debacle.