3 Major Events This Week That Could Move Crypto and Stocks

This week is packed with critical macro events that could shift momentum across stocks, crypto , and global risk assets. With the FOMC minutes, NVIDIA earnings, unemployment data , and PMI readings all landing between 19 and 21 November, traders should brace for volatility.

While all events will influence sentiment, NVIDIA earnings and unemployment data stand out as the two most important catalysts — with the potential to shape both monetary policy expectations and broader risk appetite in the weeks ahead.

19 November – FOMC Minutes & NVIDIA Earnings

FOMC Minutes

The Federal Reserve will release its latest FOMC minutes, giving traders a deeper look into policymakers’ stance on inflation, employment, and future rate decisions.
Markets will closely analyze tone and language, especially after recent mixed economic signals.

NVIDIA Earnings – The Big One

NVIDIA remains one of the strongest market movers in the AI boom.
Strong earnings = bullish momentum
A solid earnings beat could fuel a rally in both the stock market and crypto markets. AI-related optimism has been one of the strongest risk-on drivers in 2025, and NVIDIA is the sector's flagship.

Weak earnings = market pressure
Any sign of slowing growth could drag down tech stocks and spill into crypto.

20 November – Unemployment Data & Jobless Claims

The September unemployment report and initial jobless claims arrive this week — and they may be even more impactful than inflation data .

Why it matters:

• Higher-than-expected unemployment increases the probability of rate cuts.
• Rate cuts typically boost risk assets, including crypto.
• Weak labor markets could push the Fed toward an earlier pivot.

If unemployment rises significantly, markets may price in a more dovish path — potentially triggering upside for $Bitcoin , $Ethereum , and high-beta altcoins.

21 November – PMI Data & Inflation Expectations

The final batch of macro data includes PMI readings and inflation expectations:

• PMI will show whether manufacturing and services are expanding or contracting.
• Inflation expectations influence long-term rate projections and consumer sentiment.

While important, these reports are unlikely to overshadow NVIDIA earnings or unemployment numbers — but they will help confirm whether the U.S. economy is slowing or stabilizing.

Why This Week Matters for Crypto

Crypto continues to follow macro momentum closely. Two outcomes could define the week:

1. Strong NVIDIA Earnings → Market Rally

• Risk appetite rises
• Tech stocks pump
• Crypto follows

2. Higher Unemployment → Increased Rate-Cut Odds

• Dovish Fed
• Lower yields
• Crypto momentum strengthens

A combination of both could create a powerful bullish setup for risk markets into December.