Big crypto week ahead? What to watch for in the ‘Uptober’ homestretch

This week’s crypto market is under scrutiny following economic data showing a 3% increase in overall and core inflation for the year ending September. This impacted risk assets, resulting in a rise in S&P 500 futures and bitcoin reclaiming the $111,000 mark. With a 96.7% chance of a 25bps interest rate cut from the Fed, there is optimism among analysts. Jerome Powell's upcoming press conference is highly anticipated regarding potential market easing. Various analysts have contrasting views on bitcoin's trajectory: while some predict sustained growth driven by macroeconomic factors, others foresee a correction dip down to $84,000-$100,000 before rallying back. Additionally, crypto ETF proposals remain a focus, particularly with Bitwise submitting a Form 8-A for a Solana Staking ETF. Coinbase's Q3 earnings set to release this Thursday, attract attention as the company continues to explore opportunities in the market.

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