Bitcoin briefly touched $87,000 on Monday, nearing an eight-month high before reversing, as its 50-, 100-, and 200-day moving averages converge toward their first fully bullish alignment since 2025. Traders are monitoring dollar strength and a busy U.S. macro calendar featuring FOMC minutes and jobless claims to gauge whether BTC can extend its rally or consolidate gains.
Ethereum core developers are set to execute the Glamsterdam upgrade on the Sepolia testnet, serving as a critical rehearsal for mainnet account abstraction and data availability enhancements. Simultaneously, major DeFi protocols face key governance deadlines: Aave is voting on a profit-sharing framework with Sentora for independent lending markets, AirSwap is considering pausing AST sales during price dips, Derive is proposing to increase fee allocations for buybacks to 50%, and Balancer is settling cross-DAO treasury commitments with CoW DAO.
Market participants should also note upcoming token unlocks, including $19.18 million in Canton CC tokens on Oct. 5 and $24 million in Stable tokens on Oct. 8. The week ahead features significant industry events with Digital Assets Week in London and TOKEN2049 in Singapore, alongside Eurozone retail sales data and U.S. consumer credit figures that could influence broader market sentiment.
Bitcoin Tests $87K as Technicals Turn Bullish; Ethereum Prepares Glamsterdam Upgrade
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