Crypto Stages Bullish Recovery Following Fed Rate Hike: Week Ahead -

The week beginning Sept. 21 will feature several developments across crypto markets, U.S. economic data and digital-asset regulation.

Bitcoin is starting the week near the $84,000 mark as traders continue to assess last week’s Federal Reserve decision. The Fed raised its benchmark target rate to 4.00%, but the cryptocurrency market has so far remained resilient despite the initial hawkish response.

The macroeconomic agenda will be concentrated around the middle of the week. U.S. jobless claims, new home sales and durable goods orders will offer fresh signals on the economy. Global investors are also digesting recent policy decisions from the Bank of Japan and Bank of England as they reassess the broader path for interest rates.

Meanwhile, the SEC’s tokenized securities initiative will move into a new phase, putting blockchain-based stock trading among the week’s key crypto developments.

Key Dates

All times ET

Crypto

Sept. 22: The SEC’s conditional five-year exemption window is scheduled to open. Selected institutional venues will be permitted to begin pilot trading of tokenized stocks directly on public blockchains.

Macro Calendar

Sept. 24, 8:30 a.m.: Canada’s August retail sales are expected to decline 0.8% month-over-month, compared with a 0.6% gain in the previous reading.

Sept. 24, 8:30 a.m.: U.S. initial jobless claims for the week ending Sept. 19 are projected at 201,000, compared with 196,000 previously.

Sept. 24, 10:00 a.m.: August U.S. new home sales are expected to reach 700,000, down from 739,000 previously.

Sept. 25, 8:30 a.m.: U.S. durable goods orders for August are forecast to fall 0.3% month-over-month, following a 1.1% increase in the prior period.

Sept. 25, 10:00 a.m.: The final September reading of the University of Michigan Consumer Sentiment Index is expected at 47.8, compared with 51.7 previously.

Earnings

No major earnings reports are scheduled during the week.

Governance Votes

Lido DAO: A vote ending Sept. 21 concerns a proposed contingency market-making mandate for LDO on centralized exchanges. The proposal would authorize up to $1.5 million in recallable LDO and 480,000 USDC to support order-book depth and help guard against potential exchange delistings.

Uniswap Governance: A temperature check ending Sept. 23 will consider extending Uniswap’s protocol fee-collection and UNI-burn infrastructure to Arc, Circle’s layer-1 blockchain.

CoW DAO: Voting concludes Sept. 25 on a proposed overhaul of its solver quote competition. The plan would allocate a dedicated quote-reward budget equivalent to 10% of protocol revenue to improve price routing and order conversion.