Bitcoin and the broader crypto market enter a potentially volatile week shaped by the US midterm elections, labor-market data, major technology earnings and speeches by Federal Reserve officials. BTC fell to $76,000 following the industry’s largest hack before stabilizing between $77,000 and $78,000 over the weekend. October payroll growth is expected to reach about 62,000 jobs, compared with 29,000 in September, while the unemployment rate is projected at 4.2%. A stronger report could reinforce expectations of a December rate hike, lift Treasury yields and the dollar and pressure bitcoin and other risk assets. Approximately 20% of S&P 500 companies are due to report, with five Federal Reserve officials also scheduled to speak amid expectations of another rate increase.
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