Market Watch: Top Factors Moving Bitcoin and Altcoins Right Now

Last week brought a mixed outcome for the crypto market. Bitcoin and many altcoins slipped, but tokens like Bittensor, Ethena, Morpho, and Conflux bucked the trend with strong performances.

The crypto market is bracing for potential swings this week, driven by the upcoming U.S. inflation report, China’s key political meeting (the Fourth Plenum), and renewed dialogue between Washington and Beijing.

Bitcoin and Altcoins Face Key Test with Upcoming Inflation Data

The cryptocurrency market is gearing up for key U.S. inflation data that could shape price trends in the days ahead. Bitcoin and most altcoins closed last week lower, even after dovish comments from Federal Reserve Chair Jerome Powell and other policymakers.

Officials have shown openness to cutting rates to support the slowing labor market, yet stubborn inflation—driven in part by Trump-era tariffs—remains a concern.

Economists expect September’s CPI to edge up to 3.1%, with core inflation at 3.2%. The figures, despite the prolonged government shutdown, will likely determine whether crypto prices extend their recent losses or stage a recovery.

China’s Fourth Plenum: Key Decisions Could Impact Global and Crypto Markets

Another potential catalyst for the crypto market this week is a major political event in China—the Fourth Plenum. Top officials expect to review the country’s long-term 15-year development plan during this high-level meeting.

you might be like: $536 Million Exits Spot Bitcoin ETFs—Largest Daily Outflow in Months

Historically, such gatherings have influenced financial markets, though cryptocurrency has rarely been a topic of discussion. This time, however, there is a small possibility that Chinese policymakers may address digital assets, especially as the United States continues to adopt more crypto-friendly regulations.

Analysts also believe the discussions could touch on China’s efforts to globalize the yuan. This might include new initiatives around the digital yuan or even the creation of yuan-backed stablecoins.

Crypto Traders Watch U.S.–China Trade Talks for Market Signals

The crypto market saw sharp losses on October 11 after President Trump warned of a massive 130% tariff on Chinese imports. His comments came in response to China’s recent actions—including investigations targeting Qualcomm and new restrictions on rare earth exports.

These developments have intensified global trade tensions, adding to uncertainty in the crypto space. This week, traders will be watching the U.S.–China meeting in Malaysia for any signs of a breakthrough. A positive outcome could boost investor sentiment and trigger a short-term recovery in Bitcoin and altcoins.

you might be like:The $19 Billion Crypto Crash That Shook the Market

Meanwhile, attention is also turning to the U.S. earnings season and several major token unlocks—among them Avalanche (AVAX), TON, and LayerZero—which could influence market dynamics in the days ahead.