CoinDesk
Bitcoin briefly touched $87,000 after reclaiming $86,000 early Monday, then reversed. Its 50-, 100- and 200-day moving averages are converging toward their first fully bullish alignment since 2025, while traders watch dollar strength for clues on whether the rally can extend.
Why it matters
The moving-average setup points to a recovery that remains structurally intact after three months, but price action is still volatile. A stronger dollar could complicate the case for further gains, making the week’s macro releases important context for digital-asset markets.
Ethereum developers are preparing to run the Glamsterdam upgrade on the Sepolia testnet. The rehearsal is aimed at account abstraction enhancements and data-availability optimizations ahead of a potential mainnet implementation. Separately, Aave, AirSwap, Derive and Balancer have governance votes scheduled to conclude Oct. 5 or 6, covering lending-market management, token sales, buybacks and treasury commitments.
Market impact
The U.S. calendar includes FOMC minutes on Oct. 7, jobless claims on Oct. 8 and the preliminary Michigan consumer sentiment reading on Oct. 9. Eurozone retail sales and U.S. consumer credit are also due, giving traders several data points to assess the macro backdrop.
For Bitcoin, the key near-term test is whether it can hold its recovery as dollar strength and economic signals come into view. For Ethereum, the Sepolia test is a protocol milestone, while the governance votes could shape decisions across several ecosystems.
Frequently asked questions
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What does Bitcoin’s moving-average setup suggest?
Bitcoin’s 50-, 100- and 200-day moving averages are converging toward their first fully bullish alignment since 2025, indicating its three-month recovery remains structurally intact.
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Which U.S. events could shape crypto markets this week?
The schedule includes FOMC minutes on Oct. 7, initial jobless claims on Oct. 8 and preliminary Michigan consumer sentiment on Oct. 9. U.S. consumer credit is also due.
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What is the purpose of Ethereum’s Glamsterdam testnet upgrade?
The Sepolia test is a dress rehearsal for account abstraction enhancements and data-availability optimizations ahead of a potential mainnet implementation.
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What does the Aave proposal involving Sentora include?
It proposes allowing Sentora to operate externally curated Aave V4 Hub and Spoke instances, initially on Ethereum, with profits split 50/50. Aave DAO would retain smart-contract admin ownership.
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What change is Derive proposing for DRV buybacks?
Derive is voting to increase the share of applicable protocol fees allocated to weekly DRV buybacks from 35% to 50%, while keeping the existing cadence and mechanisms.
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