Five key market catalysts to watch for stocks and crypto this week

Following the Federal Reserve's recent rate hike to a 3.75%-4% range, traders are closely monitoring five upcoming data releases to gauge the likelihood of another hike on October 28. Current market data suggests a 64% probability of a rate increase. Rising interest rates typically pressure risk assets like tech stocks and Bitcoin (BTC), which is currently trading near $84,728. Key events include the Bank of Japan's meeting minutes on Monday and the release of the US Personal Consumption Expenditures (PCE) inflation index on Wednesday.