Bitcoin traders are entering a pivotal week after BTC briefly climbed above $86,000 and touched $87,000 before pulling back. The market is watching dollar strength closely, while Bitcoin’s 50-, 100-, and 200-day moving averages are converging toward their first fully bullish alignment since 2025.
Monday’s agenda includes the September ISM Non-Manufacturing PMI and the related prices data. Because services represent the largest part of the US economy, a stronger reading could revive concerns about higher rates, while a weaker print may reinforce the case for the Federal Reserve to pause after last week’s PCE and jobs data.
Wednesday brings the week’s most anticipated event: the FOMC minutes from the September meeting, when the Fed raised rates for the first time in three years. Traders will parse the minutes for divisions over inflation, labor market conditions, and the possibility of another increase later this year. A US 10-year note auction is also scheduled.
On Thursday, weekly jobless claims will offer a fresh look at labor market resilience. Initial claims previously stood at 197,000, with the four-week moving average at 200,000. Friday’s preliminary University of Michigan consumer sentiment survey rounds out the macro calendar, though its direct crypto impact may be limited.
Beyond macro data, traders are also monitoring US-Iran tensions in the Middle East as a potential dark horse for risk sentiment.
In crypto-specific developments, Ethereum’s Glamsterdam upgrade has reached the Sepolia testnet, serving as a key rehearsal for account abstraction improvements and data availability enhancements before any future mainnet deployment.
Several DeFi governance votes are also underway. Aave is considering a proposal to let Sentora manage an independently curated lending market with equal revenue sharing. Balancer is voting on a treasury resolution tied to its protocol wind-down plan, and Derive is weighing higher fee allocations for weekly DRV buybacks. AirSwap participants are also discussing conditions that could temporarily pause AST token sales if prices fall below a threshold.
