Crypto Market Braces for Busy Week of Altcoin Events and Economic Indicators

yesterday / 21:07

The cryptocurrency market faced significant volatility last week, with Bitcoin's price declining approximately 3% and altcoins experiencing deeper losses, influenced by the Federal Reserve's interest rate decision and US President Donald Trump's discussions with China on tariffs.

This week, a packed schedule of altcoin events and economic developments could drive further market movements. On Monday, November 3rd, key events include a VIRTUAL Q&A with analyst Tom Lee, KITE's listing on Binance, ZKP's staking deadline for Kaito tokens, MON's airdrop request deadline, UXLINK's delisting from Upbit, and the start of Hong Kong Fintech Week.

Tuesday, November 4th features the XRP Ripple Swell event, LINK's Smartcon 2025 conference, FTT's appeal hearing for Sam Bankman-Fried, and the conclusion of ETHFI's voting on a 50 million token buyback proposal.

On Wednesday, November 5th, ZEC celebrates its one-year halving anniversary, LINEA Exponent begins, the Blockchain Futures conference starts, and US ADP Nonfarm Payrolls data is released at 4:15 PM (expected: 28k, previous: -32k).

Additional highlights from analyst reports include PENDLE's community call on November 6th, AERO's major upgrades "Slipstream V2" and "Autopilot", FOLKS' token launch, Solstice's Flares airdrop announcement, HOME's $1 million trading competition, Play AI's big announcement, MON's mainnet launch schedule, ETH's Linea network implementing 20% of gas fees for ETH burning, VIRTUAL's Q&A, and ARB's DeFi Renaissance Incentive Program round 5.

KITE $0 0.00%
KITE's Binance listing on November 3rd represents a major bullish catalyst with high credibility. This exchange adoption typically drives significant short-term price appreciation due to increased liquidity and visibility. However, the broader market faces headwinds from Fed policy and geopolitical tensions that caused recent altcoin underperformance. Long-term prospects remain positive if listing succeeds, but immediate reaction may be tempered by macro conditions.
Technical analysis
No technical indicators provided for analysis. Market context shows altcoins experienced deeper losses than Bitcoin last week, suggesting overall sector weakness that may impact initial listing momentum.
ETHFI $0.93 -8.82%
ETHFI faces mixed catalysts with a potentially bullish 50M token buyback vote conclusion on Nov 4th, signaling strong fundamental support. However, broader market headwinds from Fed policy and altcoin weakness create near-term pressure. The buyback could drive moderate short-term appreciation, but sustained growth depends on overall crypto market recovery and successful proposal implementation.
Technical analysis
Technical indicators show bearish momentum with RSI at 38.87 (1h) in oversold territory, MACD negative, and price below key EMAs. Strong ADX at 36.89 confirms downtrend, though oversold conditions suggest potential relief bounce.
LINK $16.19 -6.69%
LINK faces mixed catalysts with its Smartcon 2025 conference on November 4th providing positive fundamental exposure, though occurring amid broader market volatility from Fed policy and geopolitical tensions. The conference could drive adoption interest and network growth, but technical weakness suggests immediate upside may be limited. Short-term consolidation likely precedes potential conference-driven momentum, while long-term prospects remain tied to Chainlink's oracle dominance and ecosystem expansion.
Technical analysis
Technical indicators show bearish momentum with price below key EMAs (17.14 vs 17.25/17.28), negative MACD, and RSI at 44-48 indicating weakening trend. ADX above 30 confirms strong downtrend, though stochastics suggest potential oversold bounce.
XRP $2.43 -3.45%
XRP faces a pivotal moment with the Ripple Swell event on November 4th, historically a bullish catalyst for price action. However, the broader market remains under pressure from Fed policy and geopolitical tensions. Short-term sentiment is cautiously optimistic around the event, but sustained gains require strong fundamental announcements. Long-term outlook depends on regulatory clarity and institutional adoption progress.
Technical analysis
Mixed signals: RSI neutral (46-53), MACD flat, but strong ADX (37-49) indicates trending market. Price trading below VWAP and EMAs suggests resistance overhead. Volume below average confirms lack of conviction.
ETH $3731.80 -4.25%
ETH faces mixed catalysts this week. Linea network's 20% gas fee burning mechanism is fundamentally bullish long-term, enhancing ETH's deflationary narrative. However, short-term headwinds from broader market volatility and altcoin rotation during packed event schedule may pressure prices. The ETHFI token buyback conclusion could provide modest support. Expect consolidation near current levels with potential for gradual recovery as deflationary fundamentals gain traction against macroeconomic uncertainty.
Technical analysis
Technical indicators show mixed signals. Price below key EMAs (20/50) across timeframes indicates bearish trend structure. RSI neutral (44-48) suggests room for movement. MACD negative but momentum slowing. Volume below average indicates lack of conviction. Resistance at $3861-3864 pivot levels.
Sources
Attention: Lots of Economic Developments and Altcoin Events in the New Week – Here’s the Day-by-Day, Hour-by-Hour List
Bitcoin Sistemi 02.11.2025 20:56
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