The past week was full of events and shook the financial markets. Donald Trump's victory in the American presidential election sent Wall Street and the price of cryptocurrencies soaring. So what can we expect for this week that has just opened?
Monday, November 11 – New record for Bitcoin and expectations on the markets
This Monday, November 11 is a public holiday, so not much can be expected. We note that, however, the 2024 Baku Conference on Climate Change (COP29) will take place from today until November 22. Large-scale announcements for certain industries are therefore to be expected.
On the cryptocurrencies side, Bitcoin (BTC) reached a new absolute record and continues to explore never-before-seen heights: it exchanges for 81,400 dollars this morning. Classes will therefore be closely monitored.
We also note a new major unlock for Aptos (APT). $126 million in ATP tokens will be released today.
💡 Find our guide to buying Bitcoin (BTC) easily
Tuesday November 12 – Inflation in Germany and India, debates on the Budget in France
This Tuesday, November 12, 2 notable economies will publish inflation figures for the month of October. First Germany in the morning, then India in the afternoon. As a reminder, German inflation fell significantly last September, reaching 1.6% over the year.
In France, the vote on the “revenue” part of the Budget will take place in the Assembly this day. Possible rejection is expected.
Open an account on N26, the crypto-friendly bank
Wednesday November 13 – Inflation in the United States and Budget still in France
In the United States, October inflation figures will be released this Wednesday. It fell to 2.1% over one year last September. This has encouraged the Federal Reserve to cut rates last week by 25 basis points.
In France, it will be the turn of the Senate to take control of the 2024 Budget. Unlike the Assembly, the Senate is majority favorable to the government of Michel Barnier.
Thursday November 14 – Monero Conference and Polyhedra Network (ZKJ) unlock
This Thursday begins the Monerotopia 2024 conferencewhich runs through November 17 in Mexico City. The anonymous cryptocurrency Monero (XMR) has been battered in recent years by regulatory transparency requirements. This will perhaps be an opportunity to learn about announcements for its further development.
👉 Find our profile on Monero (XMR), the blockchain dedicated to the anonymity and untraceability of transactions
Still on the crypto side, we note a notable unlock of Polyhedra Network (ZKJ). The ZK proof-based project releases 15.5 million ZKJ tokens, for an estimated value of around $20 million.
Friday November 15 – Inflation in France, economic forecasts for the euro zone
Two eco events are to be noted this Friday. On the French side, we will know the final inflation figures for October. These were estimated to be in a clear slowdown by INSEE, at 1.2% over one year. As for the euro zone, the European Commission's economic forecasts will be published that same day.
This Friday, we also note a Starknet unlock (STRK). The project releases 64 million tokens, with an estimated value of $29 million.
Coinbase: register on the most famous crypto exchange in the world
Also to watch this week…
The price of Bitcoin, which reached a new record todaydriven by the election of Donald Trump in the United States. Will the increase continue?
The price of Doegecoin (DOGE)which is also driven by the election results, Elon Musk being close to the new President of the United States. Memecoin is currently 6th of the most capitalized cryptocurrencies.
💡 Our buying guide to get Dogecoin in a few steps
Budget discussions continuing to take place in the Assembly. The opposition has adopted several salvos of measures contrary to the government's initial plans. It is expected that Michel Barnier will eventually use 49.3.
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Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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