October Could Be Wild for Bitcoin: 5 Events Every Crypto Trader Should Watch

October is also known as Uptober in the crypto community - will it live to the hype?

The next 28 days or so are packed with major macro catalysts that could reshape interest-rate expectations and inject fresh volatility into bitcoin and the broader crypto market.

After the PCE and jobs data released last week, focus shifts back to the Federal Reserve, which, ahead of the next FOMC meeting at the end of the month, still needs to digest more information, including the CPI numbers.

Inflation Takes Central Stage (Again)

The first major date to watch is October 7, when the central bank will release the minutes from the previous FOMC meeting held on September 15-16, in which it raised interest rates for the first time in over three years. The document should provide additional insight into policymakers’ thinking and, perhaps even more importantly, how they view the path forward.

The September Consumer Price Index (CPI) is next and comes out on October 14. It remains one of the most watched macro releases for risk assets. An upside surprise has historically strengthened the case for tighter monetary policy, while a softer reading could produce the opposite reaction.