Crypto markets moved slightly higher over the weekend, showing gains across major assets but no strong trend shift. Attention now turns to a delayed U.S. inflation report and the Federal Reserve’s upcoming policy meeting. Earnings from large tech firms also begin this week.
Crypto Market Edges Up Ahead of Key Data
Total cryptocurrency market capitalization increased by 2% during the last 24 hours and captured $3.85 trillion on Monday morning in Asia. Bitcoin hit a session high of $110,500, whereas it was still a steady rise. Ether was above $4,000, while big bottom assets like Dogecoin, Cardano, Chainlink, and Sui, were all leading with their gains.
The market has been active but at moderate levels. Traders are waiting for the U.S. Consumer Price Index (CPI) report, now set to be released on Friday, that was postponed owing to the government shutdown. This is going to be the last important data drop for the month before the Federal Reserve’s interest rate decision meeting on October 29.
According to the Kobeissi Letter, this will be the first CPI release to land on a Friday since January 2018. The U.S. Labor Department confirmed that no other reports will be released until the shutdown ends. One update noted,
“This comes during a highly pivotal time for the Fed as they debate whether to continue rate cuts or not.”
Fed Rate Cut in View as Data Remains Limited
Last week, Federal Reserve Chair Jerome Powell said the central bank is still on track to lower short-term interest rates at its next meeting. With limited data expected this week, Friday’s CPI release is likely to carry more weight than usual.
Other reports due Friday include the U.S. services PMI and consumer sentiment survey. Thursday’s existing home sales data is also on the calendar but is not expected to move crypto markets.
Markets are also watching the November 1 deadline for proposed tariffs on Chinese goods, which could bring broader risk pressure. The Kobeissi Letter mentioned this deadline in the context of rising economic uncertainty.
Retail Sentiment Still Shows Weakness
Analyst Crypto Seth commented on current behavior among retail investors. He described how emotional reactions often lead to poor timing.
“Retail investors often sell low and buy high because they’re reacting to emotion, not executing a plan,” he wrote.
He outlined that without a clear strategy, fear tends to drive exits during pullbacks, while enthusiasm drives entries during rallies. “The market rewards patience, not panic,” he added, noting that current fear in the market may be overstated.
Tesla will report earnings on Wednesday, followed by Intel and IBM later in the week. These updates may affect risk sentiment across both traditional and digital asset markets. Volatility in large tech stocks often carries over to broader financial conditions.
With inflation data, central bank policy, and earnings all scheduled over the coming days, crypto markets remain stable for now, waiting for clearer direction.
