Bitcoin Volatility Ahead: 4 Things That Could Impact Crypto This Week

After last week's hack-driven crash, the expectations for another volatile week are quite high. Bitcoin and the broader crypto market enter another potentially volatile week with the US midterm elections, crucial labor-market data, major tech earnings, and several Federal Reserve speakers on deck. The leading cryptocurrency tanked to $76,000 at the end of last week after the industry’s largest hack, then tried to stabilize at $77,000-$78,000 over the weekend. Midterms and Jobs Data Politics could be among the most volatile layers, and they kick things off on Tuesday with the US midterm elections, where control of Congress could change hands. Reuters reported that Democrats are widely expected to win the House, while the Senate remains more uncertain. Any result that meaningfully shifts expectations about government spending, fiscal policy, regulation, or future debt-ceiling negotiations could spill over into broader markets and crypto. September JOLTS job openings will also arrive on Tuesday, followed by the ADP private payrolls report on Wednesday. October ISM manufacturing data is due Monday, while the more closely watched services PMI follows Wednesday. However, these are unlike...