Bitcoin and Cryptocurrency Market Will Follow These Developments In The New Week!

Cryptocurrency While the agenda continues to be intense in the market, new developments await users this week.

Sam Bankman-Fried, CEO of Failed Cryptocurrency Exchange FTX, to Speak Wednesday

As we previously reported, Sam Bankman-Fried, CEO of the failed cryptocurrency exchange FTX, will be speaking at a conference in New York on Wednesday. The time at which the SBF will speak at the conference, which will start at 16:00 Turkish time, is not certain.

Janet Yellen, Mark Zuckerberg, and Larry Fink are some of the other big names to speak at the New York Times’ DealBook summit on Nov.

However, Binance CEO Changpeng Zhao reacted by saying that SBF will check the speaker list at the events it attends from now on regarding the conference it will attend.

There Are Many Developments In The Economic Calendar This Week

• On Wednesday, the annual inflation rate for the European Region will also be announced at 13:00 Turkish time. While there are tentative signs that US inflation may peak, Wednesday’s Eurozone inflation data are expected to show that price pressures remain strong in the Eurozone.

  Eurozone CPI reached 10.6% in October, more than five times the 2% target of the European Central Bank. Market expectations fluctuate between 50 and 75 basis points increase at the next meeting of ECB policymakers on December 15th.

• Second estimates for US Q3 GDP will be released on Wednesday, with the Refinitiv consensus pointing to a slight upward revision from 2.6% to 2.8%. The data will be published at 16:30 CEST.
• Fed Chairman Jerome Powell will discuss the economic outlook in his speech at the Brookings Institution on Wednesday at 21:30 Turkey time.
• The economic calendar also includes the core PCE price index, the FED’s preferred measure of inflation, and will be released on Thursday at 16:30.
• On Friday, at 16:30 in Turkey, non-farm employment data will be released in the USA. The employment report is also expected to show moderate growth in average hourly earnings, with the unemployment rate expected to hold steady at 3.7%, just above a five-year low.
  This report will be the last nonfarm payrolls report before the Fed’s last meeting of the year in December.

*Not investment advice.