Crypto Market to Face Volatility Next Week: Factors Influencing Prices

The cryptocurrency market is currently experiencing record highs, with a total capitalization exceeding $4.32 trillion as of Monday morning. This momentum was fueled by Bitcoin’s historic surge above $125,500 on Sunday, although the asset has since retreated to around $124,000. Despite this pullback, analysts remain optimistic about an upcoming ‘Uptober’ and Q4 rally that could see Bitcoin reach $150,000 or more. Meanwhile, Ether briefly reached a peak of $4,600 alongside Bitcoin but failed to surpass it before falling back to around $4,537. This week’s volatile landscape is expected to be shaped by several key factors, including Fed speeches and the release of September jobs data.