Crypto markets navigate a busy week of U.S. inflation data, Fed speeches, and a wave of earnings reports from firms including MARA Holdings and Bitdeer Technologies.
October CPI is due Nov. 10 with economists expecting a smaller 0.2% monthly rise after September's 0.6% jump that lifted annual inflation to 3.7%, the highest since May. Hotter readings would strengthen the case for higher interest rates, which the article notes makes risk assets like cryptocurrencies less attractive. The outcome is balanced — an in-line print supports crypto, an upside surprise weighs on it — so no clear direction.
Digital asset markets face a critical week as investors await October's U.S. Consumer Price Index data, expected to show a 0.2% monthly rise. Macroeconomic pressures, including upcoming Producer Price Index figures and Fed commentary, will dictate sentiment as several crypto-related firms report quarterly earnings.
October CPI is released Nov. 10 and PPI follows Nov. 13; hotter readings would strengthen the case for higher interest rates, which make risk assets like cryptocurrencies less attractive.
Several crypto-related firms are scheduled to report, including MARA, Exodus Movement, Sharplink, Bitgo, HIVE Digital, Bitdeer, DeFi Development, Figure Technology and Gemini, which the article says will provide further insights into the market.