Crypto markets begin the week of Sept. 28 after a period of strong gains, with bitcoin pulling back as traders shift their attention to a busy run of U.S. economic releases.
Bitcoin has declined about 1% since Friday and more than 2% over the past 24 hours, retreating from the $84,000 area.
The pullback comes as investors reassess the recent rally following last week’s hawkish Federal Reserve decision, which lifted the benchmark target rate to 4%.
This week brings several important U.S. indicators, including jobless claims, GDP, inflation and manufacturing data. Global markets are also continuing to assess the interest-rate outlook after recent decisions from the Bank of Japan and Bank of England.
Weekly Calendar
All times ET
Crypto
Sept. 28: Solana starts the activation window for its Alpenglow consensus upgrade. The upgrade replaces TowerBFT with Votor and is intended to lower voting transaction overhead across the network.
Macro
Sept. 29, 9:00 a.m.: July S&P/Case-Shiller Home Price Index YoY is expected at 2.2%, up from 2.1%.
Sept. 30, 8:30 a.m.: Final Q2 U.S. GDP Growth Rate QoQ is projected at 1.5%, compared with 2.1% previously.
Sept. 30, 8:30 a.m.: August Core PCE Price Index MoM is forecast at 0.3%, versus 0.2% previously.
Oct. 1, 8:30 a.m.: Initial Jobless Claims for the week ending Sept. 26 are expected at 199,000, compared with 197,000 previously.
Oct. 1, 10:00 a.m.: September ISM Manufacturing PMI is forecast at 54.8, slightly above the previous 54.6 reading.
Oct. 2, 8:30 a.m.: September Nonfarm Payrolls are expected to increase by 84,000, compared with 162,000 previously.
Oct. 2, 8:30 a.m.: September Average Hourly Earnings MoM is expected to rise 0.3%, matching the prior reading.
Earnings
No major earnings reports are scheduled.
Governance Votes and Token Events
World Liberty Financial’s preliminary vote on its Governance Engagement Incentive Program ends Sept. 28. The proposal calls for an Oct. 1 launch and would reward community participation through tokens.
Balancer is voting on a proposal to fork its core architecture and transition into a new ecosystem. The initiative comes as the protocol faces a potential shutdown, with voting scheduled to close Sept. 29.
Decentraland is considering a security proposal following the theft of more than 1,000 Decentraland Names from user accounts. The plan calls for an immediate investigation and temporary restrictions on smart-contract activity, affected accounts and secondary transfers associated with the names. Voting ends Oct. 1.
Token Unlocks
Sept. 28: Canton (CC) will release 0.38% of its circulating supply, worth approximately $20.7 million.
Sept. 29: Falcon Finance (FF) will unlock 2.39% of its circulating supply, valued at about $9.73 million.
Token Launches
No major token launches have been confirmed.
Conferences
Sept. 29-Oct. 1: Korea Blockchain Week will be held in Seoul.
