Let's speak about things you should be paying attention to, even though this week isn't as exciting as the next.

1 #bitcoin Value

2 Powell's September 28th address as Fed chairman.

3 September 29th PCE Price Index

4 Hashdex On September 29th, the Bitcoin spot #ETF deadline will occur.

5 The CME has scheduled an ETF approval vote for October 2.

When will the price of Bitcoin stabilise?

Bitcoin's price is trying to rise, and there are encouraging signals that it may succeed. But, the question still stands: "Will it?"

The major cause of the market's inability to move either up or down is the lack of volatility. BTC is expected to make a run at the 50% retracement level of $28,215 in the coming days. Although it's highly improbable, favourable news might cause Bitcoin's price to go into the $30,323 area, where there is some buy-side liquidity.

The Federal Reserve: What to Expect?

An extract from a recent article is as follows.

The median estimate for the federal funds rate in the Summary of Economic Projections is 5.6% at the year's conclusion. The Federal Reserve is expected to implement another rate increase of a quarter point in either November or December, bringing the range of interest rates to 5.25% to 5.50%.

Yet, Federal Reserve Chair Jerome Powell has made very clear that the central bank would make decisions based on actual facts rather than on estimates or expectations. As a result, we may expect the Chair to restate the above in her upcoming address on September 28 and make some nebulous reference to a possible further rate increase at that time.

It's probable that September 29's PCE Price Index won't be a major market-moving event for cryptocurrencies.

To what extent may spot Bitcoin ETFs be relied upon?

Hashdex's registration with the SEC is likely to be delayed because not much has changed with relation to spot Bitcoin ETFs.

Beginning with BlackRock's iShares Bitcoin Trust on October 17, the next deadline for the ETF clearance by the SEC will be in the third week of October.

The anticipated approval of the first Ethereum futures exchange-traded fund on October 2 is another intriguing component of the ETF buzz.