Bitcoin Price Declines but Remains Steady with Important Upcoming Developments

Bitcoin $105,087 price is experiencing a decline on the last day of September, dropping to $63,249 after facing rejection at $66,000. The fact that it is still holding above the support level of $61,700 is positive. As every week, we will alert about significant developments ahead that may impact cryptocurrency enthusiasts.

Significant Developments in Cryptocurrencies This Week

In October, 13F forms will be submitted to the SEC, revealing which companies with assets exceeding $100 million are engaging in cryptocurrency ETFs. These quarterly reports are crucial for monitoring. What other developments should cryptocurrency investors focus on in the coming days?

Key Dates to Watch

Data coming out on Friday could indicate more easing in employment, possibly paving the way for a 50 basis point cut at the Fed’s November meeting. Surprise figures may trigger increased volatility. Additionally, October marks a significant testing period for historical performance.

Due to the hopes surrounding October, the last days of September have been relatively positive. However, we will see what unfolds. We will provide real-time updates on key statements from Powell and other Fed members before the week concludes, especially regarding the SEC’s potential appeal decision.