{"id":11520,"date":"2023-10-09T13:59:14","date_gmt":"2023-10-09T10:59:14","guid":{"rendered":"https:\/\/blog.egemoney.com\/?p=11520"},"modified":"2023-10-30T16:51:45","modified_gmt":"2023-10-30T13:51:45","slug":"uptober-in-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/blog.egemoney.com\/en\/uptober-in-cryptocurrencies\/","title":{"rendered":"&#8220;Uptober&#8221; in Cryptocurrencies"},"content":{"rendered":"<p><strong>Important data to follow this week:<\/strong><\/p>\n<table style=\"height: 504px;\" width=\"949\">\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Expectation<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\">The Previous Month\u2019s Announced<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">10.10.2023<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15:00<\/span><\/td>\n<td><span style=\"font-weight: 400;\">EUR<\/span><\/td>\n<td>ECB President Lagarde&#8217;s Speech<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">11.10.2023<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 09:00<\/span><\/td>\n<td><span style=\"font-weight: 400;\">EUR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Germany Consumer Price Index (CPI) (Monthly) (Sep)<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%0,3<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%0,3\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">11.10.2023<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 10:00<\/span><\/td>\n<td><span style=\"font-weight: 400;\">TRY<\/span><\/td>\n<td>Turkey Retail Sales (Monthly)<\/td>\n<td><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%2,7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">11.10.2023\u00a0\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 21:00<\/span><\/td>\n<td><span style=\"font-weight: 400;\">USD\u00a0<\/span><\/td>\n<td>Federal Open Market Committee (FOMC) Meeting Minutes<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">12.10.2023\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15:30\u00a0\u00a0\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">USD\u00a0<\/span><\/td>\n<td>Consumer Price Index (CPI) (Annual) (Sep)<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%3,6<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%3,7<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">12.10.2023\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15:30\u00a0\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">USD\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Consumer Price Index (CPI) (Monthly) (Sep) \u00a0<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%0,3<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">%0,6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">12.10.2023\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15:30\u00a0\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">USD\u00a0<\/span><\/td>\n<td>Unemployment Benefit Claims<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">210K<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">207K<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>This week, the top 5 most searched coins worldwide were as follows:<\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evadore<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bella Protocol<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Toncoin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trust Wallet\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>Last week, the most profitable sector in Turkey was trade and SMEs, while the transportation and chemical sectors were the most retracted. In the markets with high volatility last week, S&amp;P&#8217;s Turkey rating, inflation, and military news affected the pricing.<\/p>\n<p>Hamas&#8217;s armed wing announced that it had launched the Al-Aqsa Deluge operation against Israel. The Israeli army announced an attack on the Gaza Strip from where the rockets were launched.<\/p>\n<p>Meanwhile, in the US, the non-farm employment data released last Friday came nearly double the market expectations. According to data released by the US Bureau of Labor Statistics, non-farm employment increased by 336,000 in September. Analysts were expecting an increase of 170,000 in employment. The non-farm employment increase was revised from 187,000 to 227,000 for August, and from 157,000 to 236,000 for July. The unemployment rate in the country remained at 3.8%. The market was expecting the unemployment rate to fall to 3.7%. The Fed revised its macroeconomic forecasts announced on September 20, with this year&#8217;s unemployment rate expectation revised from 4.1% to 3.8% and for the next two years from 4.5% to 4.1%.<\/p>\n<p>There will be a dense data flow from the US this week. We will especially keep track of the effects of the US inflation data to be announced on Thursday on the US Index.<\/p>\n<p>While all this was happening, a $137 Million Whale that had been sleeping quietly awoke.<\/p>\n<p>Today, a whale that hasn&#8217;t moved for 3 years began to move. It transferred about 5,000 <a href=\"https:\/\/egemoney.com\/en\/market\/BTC_TRY\">Bitcoins<\/a> valued at approximately $137 million. 4,000 Bitcoins to a new wallet and 1,000 Bitcoins to another new one. These new wallets had never been matched with anyone before. The first transfer of 5,000 Bitcoins was made from the Poolin Mining Pool on June 23, 2020. After this last transfer, the whale had $35.62 worth of Bitcoin left.<\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11514 aligncenter\" src=\"https:\/\/blog.egemoney.com\/wp-content\/uploads\/2023\/10\/09.10.data_.jpg\" alt=\"\" width=\"1144\" height=\"400\" srcset=\"https:\/\/blog.egemoney.com\/wp-content\/uploads\/2023\/10\/09.10.data_.jpg 1144w, https:\/\/blog.egemoney.com\/wp-content\/uploads\/2023\/10\/09.10.data_-768x269.jpg 768w\" sizes=\"auto, (max-width: 1144px) 100vw, 1144px\" \/><\/span><\/p>\n<p>Based on Bitcoin&#8217;s price movement in October 2019, we might expect an &#8216;Uptober&#8217; this month. However, if the war situation between Palestine and Israel spills over to other countries, this might put pressure on cryptos, so it&#8217;s good to be cautious. Moving with stops in our transactions will be to our advantage. I wish everyone big profits.<\/p>\n<p><em><strong>The investment information, opinions, and recommendations contained in this research report are not within the scope of investment advisory.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Important data to follow this week: Expectation The Previous Month\u2019s Announced 10.10.2023 15:00 EUR ECB&#8230;<\/p>\n","protected":false},"author":5,"featured_media":11536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167,180],"tags":[],"class_list":{"0":"post-11520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cryptocurrency-news","8":"category-weekly-newsletter"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&quot;Uptober&quot; in Cryptocurrencies | Egemoney Blog<\/title>\n<meta name=\"description\" content=\"Top 5 searched coins, Turkish market, Hamas-Israel tension, US data, and the $137M Bitcoin whale. 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