Bitcoin (BTC) rose above the $28,000 mark early Monday to log its highest price in over a month as analysts pointed to ETF optimism and seasonality among the reasons behind the gains. Traders at Japanese exchange Bitbank were already eyeing the $28,000 level for Bitcoin last week, as CoinDesk reported. The $28,500 acted as a major support in the previous bull market and could be a key price to watch for in the coming weeks as it potentially flips into a level of resistance. In the past 24 hours, ether (ETH) bumped over $1,700, bnb (BNB) and cardano (ADA) added 3.3%, while polygon (MATIC) rose 5.5%. Solana’s SOL tokens led major gains at 14.5%, mainly on renewed optimism for the network among some traders.

 

Week ahead: Fed speech and NFP likely to dictate crypto market moves this week

With the start of 2023’s fourth quarter, things are finally getting interesting in crypto. While the next 12 weeks are extremely important, let’s start by focusing on what to expect this week.

• Fed Chair’s speech draws attention on October 2.
• Nonfarm Payrolls (NFP) data arrives on October 5. 
• Bitcoin fractal faces a reality check. 
• Nearly $40 million worth of altcoin unlocks from October 2 through October 6. 
• Multiple cryptos trigger a bullish breakout, signaling trend reversal.

Crypto market volatility seems to be making a comeback with the start of 2023’s fourth quarter , and some altcoins are already making headway. Chainlink (LINK), Radiant Capital (RDNT) and Floki Inu (FLOKI) are some cryptos that are showing aggressive upside moves.