Core

FOMC

Jerome Powell

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin’s price currently holds above $63,000, following last week’s rally.</li> 
 <li>Important events of the week could affect BTC.</li> 
</ul> 
<p>Following its recent rally during the past week, Bitcoin trades above $63,000. At the moment of writing this article, BTC is up by almost 1% in the past 24 hours.</p> 
<figure id="attachment_50921" aria-describedby="caption-attachment-50921" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64.jpeg"><img loading="lazy" decoding="async" class="wp-image-50921 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin Price Holds Above $63K - Top 8 Events This Week Potentially Affecting BTC 13" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-64-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-50921" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Earlier, the coin managed to surpass the $64,000 level, ahead of a slight correction.</p> 
<p>Last week, Bitcoin debuted a price rally ahead of the FOMC meeting which continued after the US Fed decided<a href="https://crypto.ro/en/news/bitcoin-price-above-62k-following-us-feds-50-bps-rate-cut-decision/"> to cut</a> interest rates by 50 bps.</p> 
<p>As Greeks.live noted in a post on X today, the crypto market was encouraged by a significant rise, while overall confidence was restored. This week brings more noteworthy events that could affect the price of BTC.</p> 
<h2 id="top-8-events-worth-watching-this-week">Top 8 Events Worth Watching This Week</h2> 
<p>Here are the most important events of the week, potentially affecting Bitcoin and the crypto market:</p> 
<ol> 
 <li>The US House of Representatives will hold a “Committee of the Whole” hearing today with the participation of the SEC. (September 23)</li> 
 <li>The Australian Federal Reserve announces interest rate resolution. (September 24)</li> 
 <li>US initial jobless claims for the week will be released. (September 26)</li> 
 <li>ECB President Christine Lagarde’s welcome speech will take place at the 8th Annual ESRB Meeting. (September 26)</li> 
 <li>The Fed governor will have an important speech. (September 26)</li> 
 <li>The US Core PCE price index for August will be released. (September 27)</li> 
 <li>The US Final University of Michigan Consumer Sentiment Index for September will be released. (September 27)</li> 
 <li>Binance’s Changpeng Zhao will be<a href="https://crypto.ro/en/news/binance-founder-cz-set-for-release-from-prison-next-week/"> released</a> from prison and reintegrated into society. (September 29)</li> 
</ol> 
<p>All these are important events that could affect Bitcoin and the crypto market’s trajectory.</p> 
<h2 id="crypto-market-outlook">Crypto Market Outlook</h2> 
<p>In their X post, Greeks.live highlighted that the 50 bps interest rate cut on September 18 has encouraged the crypto market and new projects are starting to appear.</p> 
<p>The main term IV is currently at a low level, with the layout of some medium and long-term cost-effectiveness.</p> 
<p>Also, historically, October and the overall Q4 have been bullish for Bitcoin and crypto, and there are various reasons <a href="https://crypto.ro/en/news/top-6-reasons-to-stay-in-bitcoin-and-crypto-market/">to remain</a> in the market.</p> 
<p>CZ’s release from prison this week is an extremely important event for the entire crypto industry and it’s been recently highlighted by CryptoQuant’s founder and CEO, Ky Young Ju, via X.</p> 
<p>He<a href="https://x.com/ki_young_ju/status/1837776563204772077" rel="nofollow" target="_blank"> highlighted</a> the importance of CZ whom he calls the most influential figure in the crypto industry, addressing his release from prison after four months of detention.</p> 
<p>He also mentioned <a href="https://crypto.ro/en/exchange/binance/">Binance</a>, the crypto exchange without which the crypto industry would not have attracted the immense global liquidity it benefits from today.</p> 
<p>Overall, there are various reasons to remain optimistic about the crypto industry as we get closer to Q4 2024.</p>

Bitcoin Price Holds Above $63K – Top 8 Events This Week Potentially Affecting BTC

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