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What to Expect from the Crypto Market in October?

All related to Crypto Market.
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technician
Posts: 18
Joined: Fri Jun 10, 2022 8:51 am

What to Expect from the Crypto Market in October?

Chen Limin, CFO and head of trading operations at ICB fund, commented on the current situation as follows: “Since the Fed meeting, the cryptocurrency market has pulled away from what’s happening on Wall Street due to the bears’ defeat while struggling to break through Bitcoin price lows from the beginning of the year, which were in the $18,000 to $18,800 range. This may have created a sense that the worst associated with the impact of monetary policy is over, and digital assets will at least continue to consolidate at current levels in the coming months.”

The expert believes that the first weeks of October will confirm the validity of this assumption. There are two major macroeconomic events ahead that will test the cryptocurrency market for sustainability: the October 7, 2022 labor market report and the October 12-13, 2022 inflation update.
(full story)
sonshitsu
Posts: 1
Joined: Thu Oct 20, 2022 10:41 pm

Re: What to Expect from the Crypto Market in October?

technician wrote: Fri Oct 07, 2022 6:57 am Chen Limin, CFO and head of trading operations at ICB fund, commented on the current situation as follows: “Since the Fed meeting, the cryptocurrency market has pulled away from what’s happening on Wall Street due to the bears’ defeat while struggling to break through Bitcoin price lows from the beginning of the year, which were in the $18,000 to $18,800 range. This may have created a sense that the worst associated with the impact of monetary policy is over, and digital assets will at least continue to consolidate at current levels in the coming months.”

The expert believes that the first weeks of October will confirm the validity of this assumption. There are two major macroeconomic events ahead that will test the cryptocurrency market for sustainability: the October 7, 2022 labor market report and the October 12-13, 2022 inflation update.
(full story)
Thank you.
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