Five market catalysts facing Bitcoin traders this week

The US Consumer Price Index for October is due Tuesday, Nov. 10, at 8:30 a.m. Eastern Time. FactSet-surveyed economists expect prices to rise 0.2% from September, when the monthly increase was 0.6%. The September annual inflation rate was 3.7%, its highest since May; gasoline accounted for more than half of that month’s rise, while core inflation increased 0.3%. The Producer Price Index follows Friday, Nov. 13. Producer prices rose 1.3% month over month and 6.3% year over year in September, the largest annual increase in more than three years.

The Federal Reserve considers inflation alongside employment and other data when setting interest rates. Higher-than-expected readings could reinforce expectations of elevated or rising rates, which can weigh on demand for risk assets. The Kobeissi Letter also highlighted an OPEC report Wednesday, jobless claims and existing home sales Thursday, and 17 scheduled Federal Reserve speaker events. It described the post-election market as highly volatile and uncertain.

Bitcoin traded near $74,500 on Monday after briefly approaching $73,700 during Sunday’s decline. Ethereum fell below $2,100 before recovering some losses, and XRP slipped under $1.10. The overall crypto market lost more than $80 billion in 24 hours, falling to about $2.47 trillion. CoinGlass figures cited in market reports put 24-hour liquidations above $1 billion, including about $913 million in long positions; Ethereum accounted for $448 million and Bitcoin $272 million. US spot Bitcoin ETFs recorded roughly $1.28 billion in net outflows in the first trading week of November, including $430.2 million on Nov. 5.

Earnings reports are scheduled across the week. Monday’s calendar includes MARA Holdings, HIVE Digital Technologies, Exodus Movement, BitGo Holdings and Trump Media & Technology Group. Bitdeer Technologies and eToro are due Tuesday before the market opens; DeFi Development follows Wednesday, and Figure Technology Solutions and Gemini Space Station are scheduled for Thursday, Nov. 12.

Token and governance events add to the calendar: Solayer plans to unlock 12.87% of circulating LAYER supply on Nov. 10, valued at about $1.45 million, while Pump.fun’s Nov. 11 PUMP unlock represents 1.5% of circulating supply, valued at about $27.13 million. Aave DAO’s vote on native Bitcoin collateral through Babylon’s vaults ends Nov. 9; Optimism and CoW DAO votes are due Nov. 11, with Arbitrum DAO votes scheduled for Nov. 12 and 13. On Nov. 12, the European Banking Authority takes direct supervisory responsibility for specified USDC reserve, liquidity, recovery and redemption requirements. France’s prudential regulator retains oversight of other areas, including governance and outsourcing.