Bitcoin Volatility Ahead: 4 Things That Could Impact Crypto This Week

Bitcoin dropped to $76,000 at the end of last week after the cryptocurrency industry’s largest hack and stabilized at $77,000–$78,000 over the weekend, entering a week with potentially volatile events. US midterm elections are Tuesday, with control of Congress at stake, and October jobs data are due Friday; economists expect payroll growth of 62,000 after September’s 29,000 increase and unemployment near 4.2%. Roughly 20% of S&P 500 companies report earnings this week, including Apple and Palantir on Monday and AMD and Super Micro Computer on Tuesday, while five Federal Reserve officials speak after the central bank held rates steady. Bitcoin fell more than 7% in October, ending a three-month streak, and the Binance hack continues to weigh on market sentiment.