The macro calendar is stacked in a way that crypto hasn’t seen in months, with monetary policy, geopolitics and Washington dysfunction converging into a single five-day window that also includes megacap tech earnings and the monthly candle close for Bitcoin on Friday. As The Kobeissi Letter put it, “This week is going to be action packed… All while President Trump meets with China’s President Xi on Thursday, 48 hours before his 100% tariff is set to go ‘live.’ Buckle up for a wild week.”
Joe Consorti went further on the crypto read-through: “This is the week when the cloud of uncertainty that has loomed over Bitcoin may finally lift… Couple this with investors already moving into risk to juice their returns into year-end, and you’ve got all of the catalysts needed to ideally break BTC out of its 7-month consolidation period.”
This is the week when the cloud of uncertainty that has loomed over Bitcoin may finally lift.
• Trump-Xi trade deal will be reached • The Fed will likely deliver guidance on the end of QT • Alphabet, Amazon, Apple, Meta, and Microsoft, along with 20% of the S&P 500, will…
Comments late Sunday and early Monday described “consensus on major trade issues” after “frank and constructive” talks, and framed the leader-level meeting as the venue to finalize the deal architecture. The market-moving toggle is binary: a signed framework that delays or rescinds the 100% tariff slated for November 1, or a breakdown that lets it activate. In the wake of the news, the price of Bitcoin has already risen by over 4%.
Layered on top is Big Tech earnings. Alphabet and Microsoft report Wednesday after the bell, with Apple and Amazon following on Thursday, meaning that results and guidance from roughly $15 trillion in market capitalization will be hitting the tape within 36 hours of the FOMC. These releases can drive cross-asset volatility via index moves, dollar sensitivity and broader risk sentiment, and they often spill over to Bitcoin and crypto when positioning is tight.
All of this lands just as Bitcoin prints its October monthly close on Friday, October 31. Technically, BTC has been compressing, with multiple analysts noting a rare four-month band of monthly opens and closes inside an ~single-digit percentage envelope and repeated tests of the macro range boundaries.
A monthly close above the September close at $114,048 could be a bullish sign after a turbulent October with the most brutal liquidations event in history for the market.
At press time, BTC traded at $115,336.
