As the first week of October unfolds, the Bitcoin and crypto market is set to witness a whirlwind of events that could shape the future price trajectory. This includes the launch of Ethereum futures ETFs, the anticipation of a bullish October (now colloquially termed “Uptober”), and the highly anticipated US employment report for September. Historically, October and November have been the best performing months for Bitcoin, with the fourth quarter (Q4) consistently outperforming other quarters since its inception in 2013, recording an impressive average gain of 93.38%. Additionally, the week is dotted with critical macroeconomic events that could significantly influence the Bitcoin and crypto market, such as Federal Reserve (Fed) chair Jerome Powell speaking on Monday, the release of ISM manufacturing data on Tuesday, the unveiling of the JOLTS jobs data on Wednesday, and the OPEC meeting on Wednesday. The week culminates on Friday with the September jobs report, expected to be the cornerstone event.
The crypto space is also abuzz with more intriguing crypto events and announcements. These include the unveiling of the Cosmoverse conference by Cosmos (ATOM) on October 2, the unlocking of approximately $16.6 million worth of SUI on October 3, the beginning of the Sam Bankman-Fried (SBF) trial on October 3, and the speculation surrounding the launch date of dYdX V4 during the Cosmosverse conference on October 2-3. Furthermore, the Smartcon conference by Chainlink is set to begin on October 2, with expectations of significant announcements concerning Chainlink’s developments, especially with regard to the partnership with SWIFT.
At press time, BTC traded at $28,288.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Miles Deutscher, James Seyffart, Sam Bankman-Fried, Jerome Powell, Eric Balchunas |
| Companies | JOLTS, SEC, dYdX, Federal Reserve (Fed), Bloomberg, Sam Bankman-Fried (SBF), US dollar (DXY), MACRO EVENTS, OPEC, SWIFT, ISM, Cosmos (ATOM), Chainlink, SUI, VanEck |
| Currencies | dYdX, US Dollar, Sui, Ethereum, Cosmos Hub, Bitcoin, Chainlink |
| Securities | None |
