Bitcoin technical indicators show a strengthening signal, Ethereum preparing for the upgrade of Glamsterdam: Weekly outlook for the crypto market
CoinDesk
1h ago
Ai Focus
This week, the crypto market has started with volatility, with Bitcoin returning to $86,000 and briefly touching $87,000, near an eight-month high; technical indicators show that its 50-day, 100-day, and 200-day moving averages are aligning in a bullish manner for the first time since 2025. At the same time, the market will also be watching the minutes of the US ISM services PMI and FOMC meetings, as well as initial jobless claims data. Ethereum developers are preparing to execute the “Glamsterdam” upgrade on the Sepolia test network.
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The following is a summary of the matters worthy of attention for the week of October 5th.

Crypto Week Ahead is a comprehensive list of upcoming events in the field of cryptocurrencies and blockchain, as well as major macroeconomic events that will affect the digital asset market.

The crypto market started this week with volatility. Bitcoin regained the level of $86,000 in early trading on Monday and briefly touched $87,000, approaching an eight-month high before pulling back. Traders are closely monitoring the trend of the US dollar in search of clues as to whether Bitcoin will be able to continue its upward momentum or enter a consolidation phase.

Bitcoin's 50-day, 100-day, and 200-day moving averages are trending in a bullish arrangement for the first time since 2025, indicating that its rebound over the past three months is still structurally sound.

At the same time, on a macro level, there will be a busy schedule of U.S. data releases and events, including ISM services sector PMI, FOMC meeting minutes, as well as initial unemployment benefit data.

At the protocol level, Ethereum developers are preparing for the " Glamsterdam " testnet upgrade to be conducted on the Sepolia testnet; meanwhile, there are also several token-related events happening on Balancer, Aave, and AirSwap.

Matters of Attention

Encryption Ethereum core developers will perform the Glamsterdam upgrade on the Sepolia test network, which will be a key rehearsal before the mainnet implements account abstraction enhancements and data availability optimizations.

Macro

  • October 6th, 5:00 AM a.m: Eurozone August retail sales month-on-month, expected to be 0.4% (previous value -0.6%).
  • October 7th, 2:00 p.m: Summary of the US meeting from September 15th to 16th FOMC
  • October 7th, 3:00 AM p.m: U.S. August consumer credit, expected to be $12.5 billion (previous value was $18 billion).
  • October 8th, 8:30 AM a.m: As of the week ending October 3rd, the number of initial jobless claims in the United States is expected to be 195,000 (previous value was 197,000).
  • October 9th, 10:00 AM a.m: Initial reading of the University of Michigan Consumer Confidence Index for October in the United States, expected to be 48.1 (previous value was 48.1).

Financial Reports No arrangements.

Token Events

Governing Voting and Teleconferences Aave is currently voting on a proposal that allows an external company to manage a new, independent lending market on their platform, with both parties splitting profits 50/50. The so-called Aave Request for Final Comment ( ARFC ) proposes to establish a deployment framework for Sentora to enable it to operate externally on Aave V4 selected Hub and Spoke instances, and to authorize its initial deployment on Ethereum. According to this proposal model, Sentora will independently screen collateral, risk parameters, and interest rate curves outside of the core risk responsibilities of Aave DAO, while DAO retains the management rights of the smart contracts and will receive 50% of the revenue split. Voting will conclude on October 5th.

AirSwap is conducting a signal vote regarding whether Consensys should temporarily suspend the automatic sale of AST tokens if market prices fall too low. Community members are expressing their opinions on whether the planned AST sales should be temporarily halted to cover operating expenses if the token price drops below their own set minimum threshold. The voting will end on October 5th.

Balancer is currently voting on the resolution regarding the joint treasury after the recent protocol contraction plan. This proposal aims to address the cross-DAO token exchange commitments between BalancerDAO and CoW DAO. It details how the COW and BAL assets held by the treasury will be returned in an orderly manner and allocated proportionally. Voting will conclude on October 6th.

Unlock

  • October 5th: Canton CC will unlock 0.38% of the circulating supply, worth $19.18 million.
  • October 8th: Stable STABLE will unlock 3.3% of the circulating supply, worth 24 million US dollars.

Token Issuance No major token offerings have been confirmed yet.

Meeting

  • October 6th to 7th: Digital Assets Week (London)
  • October 7th to 8th: TOKEN 2049 (Singapore)

1 Kraken Operator Payward and Singapore Gulf Bank launch a 24/7 platform for institutional encrypted settlement 25 minutes ago

2 Bitcoin is about to see an important bullish signal that hasn't appeared in over a year 2 hours ago

3 Ethereum investors are stuck in a two-week queue for withdrawing their staked funds. Here are the reasons. 3 hours ago

5 hours ago, a joint venture between 4 OKX and the parent company of the New York Stock Exchange, ICE, submitted an application for 24/7 tokenized trading of U.S. stocks.

5 hours before the 25-second block of Zcash was scheduled to go live on the public test network

6 Bitcoin soared to nearly $87,000, hitting an almost eight-month high before falling back 5 hours ago

Ethereum outperformed Bitcoin in the third quarter, but at a cost: reduced liquidity. 6 hours ago.

There is an election next month: Crypto Status 15 hours ago

The crypto industry has invested in new products for many years; the next challenge is to retain users. 19 hours ago.

10 "_Clarity Act_" has stagnated, but bankers have not slowed down their pace of encrypted transactions 20 hours ago

The Definitive Stablecoin Landscape Series : Asia Pacific

As stablecoins gradually enter the regulated financial system, the Asia-Pacific region is becoming a key testing ground. This report outlines the regulations, use cases in the region, as well as the role of RLUSD.

Why it's important:

As stablecoins gradually enter the regulated financial system, the Asia-Pacific region is becoming a key testing ground. This report outlines the regulations, use cases in the region, as well as the role of RLUSD.

Bitcoin is about to see an important bullish signal that hasn't appeared in over a year.

A joint venture between OKX and the parent company of the New York Stock Exchange, ICE, has submitted an application for 24/7 tokenized trading of U.S. stocks.

Bitcoin soared to nearly $87,000, hitting an almost eight-month high before pulling back

Kraken Operator Payward and Gulf Bank Launch a 24/7 Platform for Institutional Cryptocurrency Settlement

Bitcoin is about to see an important bullish signal that hasn't appeared in over a year.

Ethereum investors are stuck in a two-week queue for withdrawing their staked funds. The reasons are as follows.

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