Bitcoin may collapse due to US regulatory policy

This week is a crucial time for the cryptocurrency market. After the fall of bitcoin BTC $107,602.00 Mezo Wrapped BTC 3.33% Market capitalization $36.49 million VOL. 24 hours $2.13 billion caused by trade tensions between the US and its major economic partners, investors remain in a state of uncertainty. A brief rise over the weekend failed to restore confidence in the market, and the approach of November 1 with no sign of a trade compromise only adds to the tension.

Analysts warn that this week’s market dynamics will be determined by both global economic indicators and a number of important events in the crypto sector. Among the first catalysts, attention is drawn to the Solana team, which announced a «significant upgrade» to its network, sparking speculation about future changes. At the same time, the public comment period for the GENIUS Act is coming to an end and the US Commodity Futures Trading Commission (CFTC) is launching consultations on new rules for regulating the crypto market.

On Tuesday, attention will be focused on Washington, D.C., where the Federal Reserve will hold the Payments Innovation Conference. Politicians and technology experts will discuss how innovative payment systems can change global financial processes. Later this week, two key events are expected: the launch of the MET token from the Meteora project and the decision of the Securities and Exchange Commission (SEC) on the application for a spot ETF for Cardano (ADA). Both events can have a significant impact on the dynamics of altcoins. Also, the US Department of Labor will release data on the number of new applications for unemployment benefits — the forecast is 223 thousand.

On Friday, the Consumer Price Index (CPI) is expected to be published, which may again cause fluctuations in the markets. It is expected that inflation in annual terms will remain at 3.1%, and monthly growth will be 0.4%. If the figures exceed forecasts, this could increase the volatility of the dollar and cryptocurrencies.

Thus, this week could be a turning point for bitcoin. It depends on how investors react to the combination of macroeconomic factors, regulatory decisions, and technical news in the crypto sphere, whether the main cryptocurrency will be able to stabilize or continue to fall.