Macro News and Ethereum Upgrade: Key Developments for Crypto Investors This Week

This week's macroeconomic news may impact the cryptocurrency market. Key developments include the release of eurozone retail sales figures for August on Tuesday, October 6, which are expected to show a 0.4% growth from the previous -0.6%.

On Wednesday, October 7, the Federal Reserve will release minutes from its September 15-16 meeting, and the U.S. consumer credit figure for August will be announced, with a forecast of 12.5 billion dollars, up from the previous 18 billion dollars.

On Thursday, October 8, the U.S. jobless claims for the week ending October 3 will be released, with a forecast of 195K claims, down from the previous 197K.

Ethereum developers will also carry out the Glamsterdam upgrade on the Sepolia testnet, a critical rehearsal for bringing account abstraction improvements and data availability optimizations to mainnet.