{"id":31930,"date":"2024-11-04T23:45:41","date_gmt":"2024-11-04T20:45:41","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31930"},"modified":"2024-11-04T22:00:23","modified_gmt":"2024-11-04T19:00:23","slug":"bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/","title":{"rendered":"Bitcoin Week: US Election and Fed Interest Rate Decision: 5 Factors to Pay Attention to"},"content":{"rendered":"<p><strong>Bitcoin<\/strong> is facing the US presidential election and the Fed interest rate decision this week, testing the $69,000 level and struggling to approach an all-time high. These developments are among the factors that will create significant volatility for the BTC price.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/#1_BTC_Price_Struggle_at_Old_Resistance_Levels\" title=\"1. BTC Price Struggle at Old Resistance Levels\">1. BTC Price Struggle at Old Resistance Levels<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/#2_Fed_Rate_Decision_Another_Volatility_Effect_After_the_Election\" title=\"2. Fed Rate Decision: Another Volatility Effect After the Election\">2. Fed Rate Decision: Another Volatility Effect After the Election<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/#3_Bitcoin_Dominance_Rate_at_its_Peak\" title=\"3. Bitcoin Dominance Rate at its Peak\">3. Bitcoin Dominance Rate at its Peak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/#4_Bitcoin_Network_Fundamentals_Reach_New_Highs\" title=\"4. Bitcoin Network Fundamentals Reach New Highs\">4. Bitcoin Network Fundamentals Reach New Highs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/#5_Election_Results_Could_Be_a_%E2%80%9CSell_the_News%E2%80%9D_Event\" title=\"5. Election Results Could Be a \u201cSell the News\u201d Event\">5. Election Results Could Be a \u201cSell the News\u201d Event<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_BTC_Price_Struggle_at_Old_Resistance_Levels\"><\/span>1. BTC Price Struggle at Old Resistance Levels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin, which rose to $73,500 last week, disappointed investors by falling below $67,500 over the weekend. BTC\/USD, although experiencing a slight recovery, quickly lost momentum. Volatility is expected to be inevitable with the approaching US presidential elections.<\/p>\n<p>Popular trader Skew analyzed the liquidity zones in the market, stating that there is buying liquidity and depth at $67,000-$65,000, and selling liquidity above $73,000. \u201cThe large order book between $66,000 and $73,000 could impact liquidity and volatility,\u201d Skew said, predicting that it could move quickly between these levels.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Fed_Rate_Decision_Another_Volatility_Effect_After_the_Election\"><\/span>2. Fed Rate Decision: Another Volatility Effect After the Election<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Fed rate decision, which will come right after the US presidential election, will be another major catalyst for Bitcoin and the broader crypto market. A Fed rate cut could potentially lead to a price increase for Bitcoin. However, if interest rates are not held steady or increased, market reactions could be more complex.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Bitcoin_Dominance_Rate_at_its_Peak\"><\/span>3. Bitcoin Dominance Rate at its Peak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin\u2019s market dominance has reached its highest level in three and a half years. This suggests that BTC is dominating the crypto market in terms of market value, with altcoins lagging behind. The high dominance rate indicates that investors are becoming more confident in Bitcoin as a mainstream crypto asset.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Bitcoin_Network_Fundamentals_Reach_New_Highs\"><\/span>4. Bitcoin Network Fundamentals Reach New Highs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This week, fundamental indicators on the Bitcoin network are about to reach new highs. Indicators such as hash rate and mining difficulty in particular indicate that the network\u2019s security and strength are increasing. This is a factor that further strengthens Bitcoin\u2019s fundamental structural strength and supports its long-term price stability.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Election_Results_Could_Be_a_%E2%80%9CSell_the_News%E2%80%9D_Event\"><\/span>5. Election Results Could Be a \u201cSell the News\u201d Event<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the election results becoming clear, many analysts are drawing attention to the \u201csell the news\u201d event. In such events, investors may sell when the expected big news occurs, which can cause a drop in price. However, the Fed\u2019s interest rate decision following the election results could increase volatility after the sale, leading to short-term price movements.<\/p>\n<p>With these developments, an eventful week is expected for Bitcoin, and especially the liquidity levels between $66,000 and $73,000 stand out as areas where price fluctuations may intensify.<\/p>\n<hr \/>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is facing the US presidential election and the Fed interest rate decision this week, testing the $69,000 level and struggling to approach an all-time high. These developments are among the factors that will create significant volatility for the BTC price. 1. BTC Price Struggle at Old Resistance Levels Bitcoin, which rose to $73,500 last<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,1766,6664,60],"class_list":["post-31930","post","type-post","status-publish","format-standard","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-btc","tag-bitcoin-rise","tag-btc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Week: US Election and Fed Interest Rate Decision: 5 Factors to Pay Attention to - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-week-us-election-and-fed-interest-rate-decision-5-factors-to-pay-attention-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Week: US Election and Fed Interest Rate Decision: 5 Factors to Pay Attention to - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is facing the US presidential election and the Fed interest rate decision this week, testing the $69,000 level and struggling to approach an all-time high. 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