TechFlow news, October 27 — QCP released a bulletin stating that the cryptocurrency market has temporarily gained some relief following initial progress in U.S.-China trade talks, but it faces three key events this week. The outcome of Thursday's Trump-Xi meeting, where a trade deal may be signed, could outweigh the impact of the Federal Reserve's rate decision on Wednesday. Investors are closely watching whether the Fed will end its three-year quantitative tightening program. Meanwhile, the U.S. government shutdown has now lasted 26 days, resulting in a lack of market data and shifting investor focus toward earnings reports from tech giants such as Microsoft and Amazon. Bitcoin has performed flatly in October; if it fails to break past the 116K level, it may break the seven-year "Uptober" upward trend. Amid multiple macro factors, the crypto market may remain range-bound in the near term.
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