"Hmm will this event give significant movement to the crypto market?"
It is already known that the entire cryptocurrency market has managed to see quite significant bullish momentum, therefore there are four important top events that can attract the attention of the market including investors this week.
Recently, Bitcoin (BTC) managed to record an impressive performance when there was speculation that the spot BTC ETF would be approved soon, but the price started to enter a correction phase that could reach $40,000 this week, said a technical analyst called Titan of Crypto.
The Federal Open Market Committee (FOMC) meeting on Wednesday tomorrow followed by a press conference with Federal Reserve (Fed) Chairman Jerome Powell is also one of the important events that can push the crypto market to witness volatility.
There is no denying that the Fed wants to tackle inflation, but Bank of America is of the view that the US central bank will not raise interest rates in November 2023 but will likely do so in December.
Not only that, the crypto market will also pay attention to the Sam Bankman-Fried (SBF) case that is coming to an end as SBF will continue its direct examination by his defense attorney this week.
Following the government's cross-examination that will lead to a rebuttal* case by the prosecution, the trial portion is expected to take most of the week and then the jury may make a decision by the end of next week.
*A case that the plaintiff can charge after the defendant has finished his case, in an effort to reject the evidence presented
Next, Solana's annual Breakpoint conference that will start today in Amsterdam, Netherlands is also among the important events, where it runs from October 30 to November 3 featuring Solana CEO Anatolu Yakovenko, its main project leader and speakers from Visa.
Breakpoint is the platform for important announcements after Solana last year launched a $100 million social media fund and a $150 million blockchain gaming fund, then the Render Network team this year may launch Render 2.0.
