Bitcoin Faces 3 Big Tests During the First Week of November

Bitcoin and crypto markets enter the first week of November facing three scheduled tests after a record $6.3 billion hack at Binance pushed Bitcoin to a six-week low on Friday. US voters are set to elect all 435 House seats and 35 Senate seats on Tuesday, November 3. The Reserve Bank of Australia decides on rates Tuesday, Sweden’s Riksbank on Wednesday and the Bank of England on Thursday; higher rates can draw money away from non-yielding assets such as Bitcoin. Friday’s October jobs report follows September’s 29,000 gain, which came in below a 90,000 estimate.