Bitaigen Research 
In this report we compile Bitcoin’s recent key movements and analyse the macro data that will shape the market this week. From U.S. employment numbers to Japanese interest‑rate policy and the latest indicators from major economies worldwide, the article offers a panoramic view to help you spot potential trends. Continue reading to discover which factors could push Bitcoin toward a new all‑time high.
This Week’s Market Focus
Tuesday, October 29
- United States: October Conference Board Consumer Confidence (previous 98.7)
- United States: September JOLTS job openings (previous 8.040 M)
Wednesday, October 30
- Germany: Q3 GDP QoQ (previous –0.1 %)
- Switzerland: Central bank press conference
- United Kingdom: Autumn Budget
- United States: October non‑farm payroll change (previous 143 K)
- United States: Q3 GDP QoQ (previous 3.0 %)
- Germany: October resident CPI QoQ (previous 0.0 %)
- United States: Crude oil inventories (previous 5.474 M)
Thursday, October 31
- China: October Manufacturing PMI (previous 49.8)
- Japan: Rate decision (previous 0.25 %)
- Hong Kong: Q3 GDP QoQ (previous 0.4 %)
- Hong Kong: Q3 GDP YoY (previous 3.3 %)
- Eurozone: October resident CPI YoY (previous 1.7 %)
- United States: September Core PCE YoY (previous 2.7 %)
- United States: September Core PCE MoM (previous 0.1 %)
- United States: Initial jobless claims
Friday, November 1
- United States: October average hourly earnings MoM (previous 0.4 %)
- United States: October non‑farm payroll total (previous 254 K)
- United States: October unemployment rate (previous 4.1 %)
- United States: October ISM Manufacturing PMI (previous 47.2)
- United States: October Manufacturing PMI (previous 47.8)
---
Bitcoin’s Latest Price Action
During the weekend Bitcoin traded sideways in the $66,600 – $67,400 band. Around 20:00 UTC on Saturday a noticeable upward thrust began, and by early Sunday morning (approximately 06:00 UTC on the 28th) the price peaked at $68,344. At the time of writing the market has softened slightly to $67,780, with the 24‑hour gain narrowing to 1.25 %. Whether Bitcoin can once again challenge the $69,500 high recorded on the 21st of last month will depend on how the price behaves in the sessions to come.
Ethereum’s Performance
Ethereum’s price trajectory mirrored Bitcoin’s pattern. The token briefly rose to $2,528 in the early hours, and it is currently quoted at $2,497, also delivering a 1.25 % intraday increase.
Top‑10 Tokens Show Broad Recovery
According to data from CoinMarketCap, the ten largest crypto assets by market capitalisation have all moved higher over the past 24 hours. The most notable gains came from SOL and DOGE, which rose 2.47 % and 3.55 %, respectively.
Network‑Wide Liquidations Over the Last Day
Coinglass reports that the total value of liquidations across the entire crypto ecosystem in the previous 24 hours was roughly $68.79 million, affecting more than 35,000 accounts. Compared with typical weekday figures, the weekend liquidation volume was relatively modest, suggesting that short‑term volatility could still expand if market pressure resumes.
Potential for Further Upside
In a research note dated the 26th, analysts at Kraken highlighted that as long as Bitcoin remains above $66,500, the asset is still residing within an overall up‑trend channel. The current price sits above all major moving averages, indicating that bullish sentiment remains dominant. Should the upward momentum persist, the next key resistance level would be the $73,679 peak set in March—an all‑time high at the time of writing. A breakthrough of that barrier could trigger a new price‑discovery phase and provide additional support for further gains.
The sections above summarise the latest developments surrounding Bitcoin’s quest to break the $68,000 mark, as well as the macroeconomic data points worth watching this week. For ongoing analysis of Bitcoin’s potential upward trajectory, stay tuned to the Bitaigen (比特根) platform’s future reports.
Related Reading
- Bitcoin Guide: What It Is & How to Trade Spot & Futures
- How Non‑Farm Payroll (NFP) Data Moves Bitcoin Prices
- Bitcoin Inverse‑V Crash Past $71.5K: Data & Fed Outlook
💡 Register on Binance with referral code B2345 for the maximum trading fee discount. See Binance complete guide.
