The crypto market enters the week of Sept. 28 with traders taking a pause after a strong advance, while a busy U.S. economic calendar could provide the next major catalyst.
Bitcoin has slipped roughly 1% since Friday and more than 2% over the past 24 hours, pulling back after approaching the $84,000 mark.
Investors are now weighing the recent rally against a series of economic releases following last week’s hawkish Federal Reserve decision. The central bank raised its benchmark target rate to 4%.
The economic calendar includes jobless claims, housing data and manufacturing figures, while traders continue to assess the global rate outlook after recent policy decisions by the Bank of Japan and Bank of England.
Key Events This Week
All times ET
Crypto
Sept. 28: Solana begins the activation period for its Alpenglow consensus upgrade. The update will replace TowerBFT with the Votor protocol and is designed to reduce the transaction overhead associated with network voting.
U.S. Economic Data
Sept. 29, 9:00 a.m.: July S&P/Case-Shiller Home Price Index YoY, with expectations at 2.2% versus 2.1% previously.
Sept. 30, 8:30 a.m.: Final Q2 U.S. GDP Growth Rate QoQ, forecast at 1.5% compared with the previous 2.1%.
Sept. 30, 8:30 a.m.: August U.S. Core PCE Price Index MoM, expected at 0.3% versus 0.2% previously.
Oct. 1, 8:30 a.m.: Initial U.S. Jobless Claims for the week ending Sept. 26, estimated at 199,000 versus 197,000 previously.
Oct. 1, 10:00 a.m.: September ISM Manufacturing PMI, projected at 54.8 compared with 54.6 previously.
Oct. 2, 8:30 a.m.: September Nonfarm Payrolls, expected to come in at 84,000 versus 162,000 previously.
Oct. 2, 8:30 a.m.: September Average Hourly Earnings MoM, forecast at 0.3%, matching the previous reading.
Corporate Earnings
No earnings releases are currently scheduled.
Governance and Token Events
World Liberty Financial will conclude voting Sept. 28 on a preliminary proposal for its Governance Engagement Incentive Program. The initiative proposes an Oct. 1 launch and would use token rewards to encourage participation in governance.
Balancer is voting on a proposal to revive the protocol by forking its core architecture and moving to a new ecosystem. The vote ends Sept. 29 as the project faces the possibility of a shutdown.
Decentraland is considering a security-response proposal after more than 1,000 Decentraland Names were stolen from user accounts. The proposal seeks an immediate investigation and temporary restrictions on smart-contract activity, affected accounts and secondary transfers involving the names. Voting closes Oct. 1.
Upcoming Token Unlocks
Sept. 28: Canton (CC) is scheduled to unlock 0.38% of its circulating supply, worth about $20.7 million.
Sept. 29: Falcon Finance (FF) will unlock 2.39% of its circulating supply, valued at approximately $9.73 million.
Token Launches
No major token launches have been confirmed for the week.
Conferences
Sept. 29-Oct. 1: Korea Blockchain Week will take place in Seoul.
