As the first week of October begins, the cryptocurrency world is abuzz with events that could have a major impact on the markets. On Monday, October 2, Federal Reserve Chair Jerome Powell and Philadelphia Fed President Patrick Harker will have a round-table discussion that could affect the crypto markets. Later in the week, the high-profile trial of Sam Bankman-Fried on October 3 is expected to draw attention from mainstream media. Additionally, there is speculation that a US Ethereum futures ETF could be approved, which could be a major milestone for Ethereum.The markets have been showing strong momentum over the weekend, with the total market capitalization reaching a six-week high of $1.15 trillion. Bitcoin surged 3.8%, reaching the $28,000 mark, while Ethereum experienced a 3.3% increase. The upcoming economic data releases, such as the ISM Manufacturing Index figures and the employment data, could also have an effect on the markets.Overall, the cryptocurrency markets are looking positive, and the events of the upcoming week could have a major impact on the markets. Investors should keep an eye on the Federal Reserve’s round-table discussion, the trial of Sam Bankman-Fried, and the potential approval of a US Ethereum futures ETF.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Patrick Harker, Sam Bankman-Fried, Jerome Powell |
| Companies | SEC, Ethereum, Federal Reserve, Sam Bankman-Fried, Coinbase, FCA, ISM Manufacturing Index, CySEC, Philadelphia Fed, FINRA |
| Currencies | XRP, Ethereum, Bitcoin |
| Securities | None |
