2 Major events set to shake up the crypto market this week  

The crypto market slowed down over the weekend following a week characterized by Bitcoin Rally and other Altcoins also surging in Price value.

This week is set to be a very eventful week for the crypto markets due to two major events slated for the week and a host of other minor events with significant potential to affect the price of crypto assets.

The two events slated for this week with the potential to bring volatility to the market include:

1. The US Presidential Elections  

2. The Federal Reserve Policy meeting  

The United States Presidential election slated to hold tomorrow Nov 5 is a massive event with far-reaching implications for both the crypto market this week and the industry’s future as a whole. Cryptocurrency was a front-burner issue during the campaign but only one candidate embraced the industry wholeheartedly and earned himself the nickname the Crypto candidate.

The outcome of the US presidential elections is also expected to spell the direction of the future of the crypto industry in the country.

2. The Federal Reserve Policy meeting 

The Federal Reserve will make its rate policy decision on Thursday, and analysts are overwhelmingly expecting a 0.25 basis point cut. The CME Fed Watch tool estimates this at 98% probability. This particular metric is always a measure of inflation in the economy and this has a direct effect on how much investors are willing to invest in the crypto market.

Other minor events with the potential to add to market volatility lined up for the week include October’s ISM Services PMI report which depicts business conditions in the US services sector and November’s Michigan Consumer Sentiment Index and Consumer Inflation Expectations.