FOMC

Axelar

XDC Network

Major

<p>As <strong>Bitcoin (BTC)</strong> broke past the $66,000 psychological barrier, the cryptocurrency market closed the week in the green. However, the upcoming week promises to be busy, with significant <strong>altcoin</strong> developments and critical economic data releases. Investors are keeping a close eye on these events to adjust their strategies accordingly. Here’s what’s in store for the week ahead.</p> 
<h2 id="september-30-monday-crypto-events-and-powell-s-speech">September 30, Monday: Crypto Events and Powell’s Speech</h2> 
<p>Kicking off the week, notable events in the crypto space will set the stage. The Messari Mainnet Conference begins, with several <strong>crypto</strong> projects expected to announce important updates. Additionally, the <strong>Chiliz (CHZ)</strong> network will airdrop PEPPER tokens to its holders. Meanwhile, <strong>XDC Network (XDC)</strong> will unveil its XDC 2.0 update.</p> 
<p>On the economic side, all eyes will be on <a href="https://thebitjournal.com/arthur-hayes-criticizes-feds-rate-cut-points-to-friday-for-bitcoin-reaction/" target="_blank" rel="noopener"><strong>Federal Reserve</strong></a> Chairman Jerome Powell’s speech at 18:55 (UK time). His comments are expected to offer insights into the US economy, and investors should pay close attention.</p> 
<h2 id="october-1-tuesday-key-data-from-europe-and-the-us">October 1, Tuesday: Key Data from Europe and the US</h2> 
<p>Tuesday brings critical economic data from both the <strong>Eurozone</strong> and the US. At 10:00 (UK time), the Eurozone Consumer Price Index (CPI) will be released, indicating whether inflationary pressures persist. Investors will be comparing this data to the expected 1.9% increase and adjusting their strategies accordingly.</p> 
<p>At 15:00 (UK time), the US JOLTS Job Openings data will be released, reflecting labor market activity. Shortly after, at 16:00 (UK time), FOMC Member Raphael Bostic will give a speech, providing further insights into the future of US economic policy. These developments are expected to create short-term movements in the <strong>crypto</strong> market.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-47360" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/focusing-on-key-dates-in-late-September-and-early-October.-The-design-features-a-clean-minimal-cale.webp" alt="Stay Alert: Key Altcoin Events and Economic Surprises This Week = The Bit Journal" width="1792" height="1024" title="Stay Alert: Key Altcoin Events and Economic Surprises This Week 22"></p> 
<h2 id="october-2-wednesday-digital-assets-week-and-employment-data">October 2, Wednesday: Digital Assets Week and Employment Data</h2> 
<p>Wednesday marks the beginning of London’s <strong>Digital Assets Week</strong>, which will feature key discussions on blockchain and digital assets. At 13:15 (UK time), the US ADP Non-Farm Employment Change report will be released, likely impacting both traditional and crypto markets.</p> 
<p>This report, offering a snapshot of the US labor market’s strength, is closely watched by <strong>crypto</strong> investors, as it often triggers market fluctuations.</p> 
<h2 id="october-3-thursday-major-announcement-from-axelar">October 3, Thursday: Major Announcement from Axelar</h2> 
<p>On Thursday, <strong>Axelar (AXL)</strong> is set to make a significant announcement that could present opportunities for AXL investors. At 13:30 (UK time), the US Initial Jobless Claims data will be published, giving further insight into unemployment levels. The expectation is 221,000, compared to the previous 218,000.</p> 
<p>These figures will likely influence the broader market, and US labor data often leads to short-term movements in <strong>crypto</strong> prices. Investors should stay alert.</p> 
<h2 id="october-4-friday-us-employment-and-unemployment-data">October 4, Friday: US Employment and Unemployment Data</h2> 
<p>The final day of the week brings crucial US labor market data. At 13:30 (UK time), the US Unemployment Rate will be released, with an expected 4.2%. At the same time, Non-Farm Payrolls and Average Hourly Earnings reports will be released. The market expects a 144,000 increase in payrolls and a 0.3% rise in hourly earnings.</p> 
<p>These numbers are vital for assessing the health of the US economy and will likely have an impact on <strong>crypto</strong> markets. Additionally, at 14:00 (UK time), FOMC Member John Williams will speak, offering further insights into the US Federal Reserve’s monetary policy.</p> 
<h2 id="a-crucial-week-for-crypto-investors">A Crucial Week for Crypto Investors</h2> 
<p>This week will be critical for <strong>crypto</strong> investors, as both <strong>altcoin</strong> events and economic data releases could drive market volatility. Significant developments in altcoin projects will likely have a major impact on prices. Similarly, economic data could cause fluctuations in the market. Investors should monitor these events closely to seize potential opportunities and adjust their strategies accordingly.</p> 
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Stay Alert: Key Altcoin Events and Economic Surprises This Week

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