The second half of this week brings several events that can move crypto before the Federal Reserve meets on October 27-28. The Fed is in its communications blackout until October 29, so officials will not guide markets and incoming data carries extra weight.
The first test is Friday, October 23, when S&P Global publishes the flash PMIs for U.S. manufacturing and services. With oil near five-month highs and inflation concerns elevated, a hot print would strengthen the rate-hike narrative that has pressured risk assets. Economists still expect the Fed to hold at 3.75% to 4.00%, according to the latest survey.
Token unlocks follow. GRAM unlocks about $49.23 million and Humanity (H) about $16.79 million on October 23, Avalanche (AVAX) about $16.23 million on October 24, and Plasma (XPL) about $10.88 million on October 25, according to DeFiLlama estimates. An unlock makes tokens eligible for release but does not mean holders will sell, so the effect depends on demand.
Also on October 23, the Plan ₿ Forum starts in Lugano, Switzerland, and runs through October 24, which can bring bitcoin-related headlines. Together with bitcoin’s tight $80,000-$85,000 range, these events could decide whether the market breaks out or keeps drifting into the Fed decision.
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Sources:
- Crypto Times: Crypto Week Ahead, Fed blackout, Meta, Tesla and Netflix earnings, ZRO and GRAM unlocks
- Analytics Insight: Bitcoin holds near USD 82,800 as ETF inflows top USD 1 billion
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