Top Crypto Market Events To Watch This Week: Bullish or Bearish?

The crypto market rose 1.03% over 24 hours to $2.93 trillion on Monday, extending its October recovery. Bitcoin was at the forefront as short positions were being unwound, and Ethereum and XRP continued their recent positive trend. A busy American economic calendar now puts inflation, employment, and Federal Reserve policy expectations in focus.

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Crypto Market Rallies as Bitcoin Price Targets $90,000

Bitcoin price traded above $86,700 on Monday, bringing $90,000 into focus after several weeks of recovery across major digital assets. Ethereum remained above $2,730, with $3,000 emerging as its next widely watched upside target.

XRP price held above $1.52, with $1.60 emerging as the immediate hurdle before its more distant $1.90 upside target. These are possible steps, and additional ones may be available based on demand and overall financial conditions.

Over the past 24 hours, $58.88 million in Bitcoin liquidations were reported, of which $54.16 million were short positions. This imbalance may suggest that forced short closures led to the price of Bitcoin increasing, and that active institutional buying in the market was still supporting sentiment.

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US Economic Events to Watch This Week

Monday, October 5, brings S&P Global’s final services reading, followed by ISM Services PMI at 10:00 a.m. Eastern. Tuesday features the trade balance and ADP’s weekly NER Pulse, providing another update on private employment trends.

The ADP release is a weekly estimate, distinct from the company’s monthly payroll report released last week. Wednesday’s FOMC minutes follow, while Thursday’s jobless claims offer a fresh assessment of layoffs and labor market resilience.

🚨 NEXT WEEK COULD SET THE TONE FOR OCTOBER

Five straight days. Five major US catalysts.

And each one could entirely change what the market expects from the Fed.

Monday: ISM Services PMI, expected around 55.7, with services inflation still running hot.

Tuesday: ADP employment, another major test of whether the US labor market is finally cracking.

Wednesday: FOMC minutes and markets will be looking for any sign of how aggressive the Fed could get from here.

Thursday: Jobless claims, another direct read on whether layoffs are beginning to accelerate.

Friday: Michigan inflation expectations, after 1-year expectations jumped to 4.6%.

The setup is volatile as hot inflation data keeps rate hike fears alive, while weak jobs data raises concerns that the economy is breaking.

— Crypto Rover (@cryptorover) October 3, 2026

Consumer sentiment and inflation expectations bring the week to a close Friday with a University of Michigan survey. These releases could collectively shift interest rate expectations and instigate significant price shifts throughout the crypto market.

FOMC Minutes and Inflation Signals Could Shape Fed Expectations

The September Fed minutes will be released on October 7, before the October 27-28 Fed meeting. The discussion might also shed light on the monetary policy trade-offs between ongoing inflation pressures and now the employment risks.

Friday’s update comes at a time when the Michigan survey reported that inflation expectations for the year ahead edged up to 4.6%. A combination of persistently high expectations may reinforce the case for restrictive policy, which may have a downward impact on the demand for speculative assets.

On the other hand, weaker job data could dampen optimism about further rate hikes, unless they indicate a significant economic slowdown. Market responses will probably hinge on the overall tone of growth, jobs, and inflation.

Will Uptober Momentum Keep Crypto Bullish or Turn Bearish?

Bitcoin’s early October advance has revived the seasonal Uptober narrative, following gains reported near 3.5%. Historical October strength supports that narrative, although seasonal patterns cannot determine how this month’s trading will unfold.

In the week, $241 million was recorded as net inflows for Bitcoin ETFs, coinciding with three consecutive weeks of net inflows.

Spot Bitcoin ETFs Recorded $241 Million in Net Inflows Last Week, Marking Three Consecutive Weeks of Net Inflows

From September 28 to October 2 (ET), U.S. spot Bitcoin ETFs recorded $241 million in net inflows, marking three consecutive weeks of net inflows. Spot Ethereum ETFs recorded $138 million in net outflows, led by Fidelity’s FETH with $74.0624 million in outflows.

— Wu Blockchain (@WuBlockchain) October 5, 2026

U.S. spot Bitcoin ETFs (ETFs) experienced net inflows of $241 million between September 28 and October 2 (ET), the third consecutive week of net inflows. Spot Ethereum ETFs saw $138 million in net outflows, with Fidelity’s FETH accounting for $74.0624 million in outflows.