Key Developments This Week for Bitcoin and Crypto Investors

Key Dates and Developments That Could Affect Financial Markets This Week

Following macroeconomic news is just as important as technical analysis in the cryptocurrency market. We’ve compiled all the key developments that could affect financial markets between November 2 – November 8.

Monday, November 2

• Cipher Digital earnings report: Cipher Digital (CIFR) earnings are listed for before the market opens; the source lists a share price of $7.2900 and an EPS estimate of -$0.19.
• U.S. ISM Manufacturing PMI: The U.S. October ISM Manufacturing PMI will be released. (TSİ 18:00; forecast: 54,6; previous: 54,5)

Tuesday, November 3

• Reserve Bank of Australia interest rate decision: The Reserve Bank of Australia will announce its interest rate decision. (TSİ 07:30; forecast: %4,85; previous: %4,6)
• U.S. midterm elections: Midterm elections will be held in the U.S. Control of Congress could affect the future of pending crypto legislation and oversight of the industry.
• U.S. JOLTS job openings: The September JOLTS job openings data will be released. (TSİ 18:00; forecast: 7,13 million; previous: 7,079 million)
• Block earnings report: Block (XYZ) earnings are listed for release after the market closes; the source lists a share price of $76.22 and an EPS estimate of $0.96.

Wednesday, November 4

• Riot Platforms earnings report: Riot Platforms (RIOT) earnings are listed for before the market opens; the source lists a share price of $12.81 and an EPS estimate of -$0.29.
• Circle Internet Group earnings report: Circle Internet Group (CRCL) earnings are listed for before the market opens; the source lists a share price of $72.54 and an EPS estimate of $0.38.
• Hut 8 earnings report: Hut 8 (HUT) earnings are listed for before the market opens; the source lists a share price of $59.40 and an EPS estimate of -$1.20.
• Comment period ends for FinCEN proposal: The comment period ends for FinCEN’s proposal to prohibit covered U.S. financial institutions from transferring funds linked to Russian-affiliated A7 Network sub-representatives.
• Transition period ends for crypto companies in Kenya: The one-year transition period for crypto companies operating when Kenya’s Virtual Asset Service Providers Act took effect ends.
• Eurozone preliminary CPI: The Eurozone’s preliminary October year-over-year CPI data will be released. (TSİ 13:00; previous: %3,8)
• U.S. trade balance: The U.S. September trade balance will be released. (TSİ 16:30; forecast: -108 billion dollars; previous: -105,6 billion dollars)
• U.S. ISM Services PMI: The U.S. October ISM Services PMI will be released. (TSİ 18:00; forecast: 54,8; previous: 54,9)

Thursday, November 5

• Core Scientific earnings report: Core Scientific (CORZ) earnings are listed for before the market opens; the source lists a share price of $13.25 and an EPS estimate of -$0.01.
• Zcash NU7 upgrade: Zcash’s NU7 upgrade is expected to activate at block 3.543.405.
• Eurozone PPI data: The Eurozone’s September PPI data will be released. (TSİ 13:00; monthly previous: %1,9; annual previous: %8,2)
• Bank of England interest rate decision: The Bank of England will announce its interest rate decision. (TSİ 15:00; forecast: %4; previous: %3,75)
• U.S. productivity and labor costs: U.S. third-quarter nonfarm productivity (preliminary) and unit labor costs data will be released. (TSİ 16:30; productivity previous: %1,4; unit labor costs previous: %1,2)
• U.S. unemployment claims: Initial unemployment claims for the week ending October 31 will be released. (TSİ 16:30; forecast: 195 thousand; previous: 194 thousand)

Friday, November 6

• TeraWulf earnings report: TeraWulf (WULF) earnings are listed for before the market opens; the source lists a share price of $11.73 and an EPS estimate of -$0.32.
• U.S. nonfarm payrolls and unemployment rate: U.S. October nonfarm payrolls and unemployment rate data will be released. (TSİ 16:30; nonfarm payrolls previous: 29 thousand; unemployment rate previous: %4,2)
• University of Michigan consumer sentiment: The University of Michigan’s preliminary November consumer sentiment data will be released. (TSİ 18:00; previous: 48,0)

Not investment advice.