Crypto markets head into the week starting Sept. 28 after a strong run, with bitcoin easing as traders prepare for several closely watched U.S. economic releases.

Bitcoin has fallen about 1% since Friday and more than 2% over the past 24 hours, moving back from the $84,000 level.

The market is digesting the recent advance after last week’s hawkish Federal Reserve decision pushed the benchmark target rate to 4%. Attention now turns to economic data that could provide further clues about the path of monetary policy.

The week includes readings on U.S. housing prices, economic growth, inflation, jobless claims and manufacturing. Investors are also assessing global monetary policy after recent rate decisions from the Bank of Japan and Bank of England.

Events to Watch

All times ET

Crypto

Sept. 28: Solana begins the activation period for Alpenglow, its major consensus upgrade. The proposal replaces TowerBFT with Votor and is intended to reduce the amount of voting-related transaction activity on the network.

U.S. Economic Calendar

Sept. 29, 9:00 a.m.: July S&P/Case-Shiller Home Price Index YoY, expected 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 2.1% previously.

Sept. 30, 8:30 a.m.: August Core PCE Price Index MoM, expected to rise 0.3% versus 0.2% previously.

Oct. 1, 8:30 a.m.: Initial Jobless Claims for the period ending Sept. 26, estimated at 199,000 against 197,000 previously.

Oct. 1, 10:00 a.m.: September ISM Manufacturing PMI, projected at 54.8 versus 54.6 previously.

Oct. 2, 8:30 a.m.: September Nonfarm Payrolls, expected at 84,000 compared with 162,000 previously.

Oct. 2, 8:30 a.m.: September Average Hourly Earnings MoM, forecast at 0.3%, unchanged from the prior reading.

Earnings

No major earnings reports are scheduled for the week.

Governance Votes

World Liberty Financial will close its preliminary vote on the Governance Engagement Incentive Program on Sept. 28. The proposal targets an Oct. 1 launch and would distribute token rewards to encourage community participation in governance.

Balancer is considering a proposal to fork its underlying architecture and move into a new ecosystem. The vote, which comes as the protocol faces a possible shutdown, ends Sept. 29.

Decentraland is voting on a security-response plan following the theft of more than 1,000 Decentraland Names from user accounts. The proposal seeks an immediate investigation and temporary restrictions covering smart-contract activity, affected accounts and secondary transfers involving the names. Voting concludes Oct. 1.

Token Unlocks

Sept. 28: Canton (CC) is scheduled to unlock 0.38% of its circulating supply, valued at approximately $20.7 million.

Sept. 29: Falcon Finance (FF) will unlock 2.39% of its circulating supply, worth about $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.