Bitcoin kicked off the week with a price hike above $68,000ahead of the 2024 US elections: BTC is currently trading at $68,200, up 1.64% in 24 hours.
This week is also full of important macroeconomic data that could influence the price of Bitcoin: what will happen? Meanwhile, the presale of the new project FreeDum Fightersinspired by the American elections, exceeds $320,000.
Here are the main events of the week that could influence the trajectory of the BTC price
Greeks.live has listed the most important events to follow this week, as the US elections approach.
October 30th
On this day, ADP US employment data for October will be released; Also on October 30, the preliminary annualized quarterly rate of third quarter US real GDP will be revealed. Finally, there will be the official debut of the Binance Blockchain Week.
October 31st
The next day, the Bank of Japan will publish the interest rate resolution and outlook report; in the States the US core PCE price index for September will be published. Finally, initial US jobless claims for the week will be released.
November 1st
On November 1, the US unemployment rate for October, US non-farm payrolls data, October ISM manufacturing PMI data will be released, and it looks like Apple’s earnings report is expected to be released on November 1st.
All these events are of great relevance and could influence the price of Bitcoin in particular and the performance of the cryptocurrency market more generally, after a weak week during which BTC failed to reach a new all-time high.
Will Bitcoin’s IV Increase?
Greeks.live also noted that the implied volatility (IV, i.e. the estimated volatility) in the short and medium term of Bitcoin is currently at low levels, below 40%, but also that a higher IV is expected next week when the US elections are held.
Polymarket
Regarding the next elections, after the rally in Donald Trump in New York City, which he also attended Elon MuskTrump’s odds of winning increased by more than 66%. According to data from PolymarketTrump leads Kamala Harris 66.3% to 33.9%.
Previously, Bernstein analysts had highlighted a correlation between the increasing chances of Trump becoming president of the United States this year and the recent increases in BTC prices.
Another factor contributing to Bitcoin’s upbeat debut this week is that BTC spot ETFs saw inflows of nearly $1 billion between Oct. 21 and 25, according to the SoSoValue dataamong other significant events in the cryptocurrency industry.
To benefit from the upcoming elections there is a new one meme coin PolitiFi: FreeDum Fighters surpassed $320,000 in pre-sale thanks to the Magatron vs. Kamacop 9000 clash and staking.
FreeDum Fighters (DUM): two staking pools for two candidates in the US presidential elections
FreeDum Fighters it’s a new one meme coin PolitiFi which represents the clash between Donald Trump (played by Megatron) and Kamala Harris (from the character Kamacop 9000) and which allows users to vote for their favorite character by accessing due staking pool.
DUM is the project’s native token, based on the ERC-20 network: FreeDum Fighters investors position themselves based on their political alignment (republican or democratic), making the reward for the other candidate greater or lesser, based on the number of voters.
FreeDum Fighters also announced the launch of political debates on the project’s social networks, which will take place on a weekly basis: users will be able to receive DUM tokens via airdrop, for a total of 27 billion tokens.
The pre-sale has currently exceeded $320,000 and now sees a DUM at a cost of $0.000055 each: To participate in the ICO before the next price increase, simply download a pre-sale compatible crypto wallet and use Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC) or Base tokens.
Once you have accessed the official presale page, simply click on the “Connect Wallet” button to connect your crypto wallet to the presale and then choose one of the two candidates (Magatron or Kamacop 9000) and select the amount to invest in the presale.
To stay updated on all the initiatives, airdrops and news relating to FreeDum Fighters, simply join the project community on X and with Telegram: Here are the predictions for DUM in the near future.
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