Crypto Market Recap Oct 6: Ethereum Near $2,700 USD, Glamsterdam Was a Median Hour
Bitcoin Near $85,600 USD, Ethereum Near $2,700 USD
As of a 6:05 p.m. ET snapshot, Bitcoin (BTC) traded at $85,622 USD, down 0.19% from Monday’s close of $85,787 USD, and Ethereum (ETH) traded at $2,699 USD, down 0.43% from Monday’s close of $2,711 USD. In Canadian dollars, Bitcoin sat at $121,607 CAD, down 0.62%, and Ethereum at $3,833 CAD, down 0.89%, both from Yahoo Finance’s own BTC-CAD and ETH-CAD series, not converted by hand. Crypto trades continuously, so every one of these is a snapshot, not a close.
The CAD figures fell by more than the USD figures on both coins because the loonie firmed: the Bank of Canada’s daily rate was 1.4226 Canadian dollars per US dollar on Tuesday, against 1.4254 on Monday.
On Eastern-time hourly bars, Ethereum ran a tight day, a $2,724.02 USD high against a $2,683.39 USD low, a 1.51% band. Bitcoin moved a bit more, from an $85,102.30 USD low at 2 a.m. ET to an $86,691.19 USD high at 11 a.m. ET, a 1.87% band. At the snapshot price of $2,699.31 USD, Ethereum is down 9.02% for 2026 against its December 31, 2025 close of $2,967.04 USD, and sits 44.13% below its record close of $4,831.35 USD, set August 22, 2025.
On the 4 p.m. ET close basis, the S&P/TSX Composite rose 0.37% to 35,649.51, the S&P 500 rose 0.58% to 7,818.93, the Nasdaq Composite rose 0.45% to 27,599.79, and gold rose 0.96% to $4,196.70 USD. Equities and gold closed higher Tuesday; crypto did not.
Glamsterdam Took, and the Block Header Is the Proof
Glamsterdam is scheduled to carry eighteen core EIPs, against nine or ten in each of the three upgrades before it, the largest core list since the Merge.
Block 11,856,336 carried neither of two new fields. Block 11,856,337, the next block, carries both: blockAccessListHash, which EIP-7928 defines as the Keccak-256 hash of the RLP-encoded block access list, and slotNumber, holding 11,296,768, the activation slot itself. Nothing else in the header’s shape changed, and blockAccessListHash appeared exactly where EIP-7928 places it. A timestamp-gated fork activates on the first block at or after its scheduled time, so block 11,856,337 landing on epoch 353,024, slot 11,296,768, Unix timestamp 1791294816 (13:53:36 UTC, 9:53:36 a.m. ET) is the rule working as written. Those EIPs, including the proposer-builder separation change known as ePBS, are laid out in this morning’s look at what the upgrade actually contains.
At 22:27:12 UTC, the head was block 11,858,793 at slot 11,299,336, more than eight hours of continuous production past activation.
Share of Sepolia slots producing no execution block, by hour after the fork, against the same measure over the 48 hours before it. bestcanadianstocks.ca chart from Sepolia block data read over a public JSON-RPC endpoint, and our arithmetic on it.
The One Rough Hour, Measured Two Ways
The share of slots that produced no execution block, by hour after the fork, ran 17.33%, 7.00%, 4.00%, 2.33%, 1.67%, 0.67%, 0.67% and 3.67% across hours one through eight.
Two baselines sit on either side of that window, and they do not agree. Over the full seven days before the fork, 48,347 blocks filled 50,397 slots, a 4.07% gap rate, close to the post-fork window’s own 4.36% across its 8.56 hours. Over the 48 hours before the fork, the same hourly measure had a median of 4.67%, and 24 of those 48 hours were as gappy as the whole post-fork window or gappier. But in the 2,567 slots immediately before the fork, from 05:20 to 13:53 UTC, the gap rate was 0.31%, making the post-fork window fourteen times gappier than the hours that led directly into it. Which comparison reads as normal depends on which window is the baseline.
The first post-fork hour, at 17.33%, sits above every one of the 48 pre-fork hours; the worst of those reached 13.33%. The rate fell through hours two to seven, bottoming at 0.67%, before hour eight rose back to 3.67%, a decay that had not fully settled by the end of the window. EIP-7732 defines slots that can be skipped or left empty by design, so some share of these gaps may be the mechanism working as intended, not nodes falling behind, and eight hours on one test network cannot separate the two.
The Price Did Not Care, and the Window Measures It
The fork landed inside Ethereum’s 9 a.m. ET hourly bar. Measured close to close, to match its own control, Ethereum went from $2,715.29 USD at the 8 a.m. ET close to $2,722.41 USD at the 10 a.m. ET close, up 0.26%. Set against every overlapping two-hour move in Ethereum’s hourly bars over the prior month, 719 of them, the median absolute size of those moves was 0.29%, and 52.3% of them were larger than the fork window’s move. The activation window was, almost exactly, a median two-hour move for Ethereum.
The day’s highest close was $2,722.41 USD, at 11 a.m. ET, and its lowest close was $2,690.04 USD, at 3 p.m. ET; the whole day still sits inside a 1.51% band. On the 6:05 p.m. ET snapshot basis, Ethereum lagged Bitcoin, down 0.43% against Bitcoin’s 0.19%, on its own upgrade day.
Ethereum’s Eastern-time hourly closes on October 6, with the fork landing inside the 9 a.m. ET hour. bestcanadianstocks.ca chart from Ethereum hourly closes, Yahoo Finance.
The Canadian Side: a Hedge That Worked and Volume That Split Three Ways
The fork activated at 9:53 a.m. ET, inside the TSX session. Canadians get Ethereum exposure through the Purpose Ether ETF, which trades on the TSX in three classes: ETHH, ETHH.B and ETHH.U. The only difference that matters here is that ETHH hedges the Canadian dollar and ETHH.B does not. The fund runs a 1.0% management fee, a 1.42% MER, and holds $471.6 million CAD in assets.
On Tuesday’s TSX close against Monday’s, ETHH finished at $9.92 CAD, down 0.60%, on volume of 31,064 shares, 0.88 times its three-month median. ETHH.B finished at $12.77 CAD, down 1.08%, on volume of 21,958 shares, 0.52 times its three-month median.
On that same 4 p.m. ET close basis, Ethereum was down 0.63% in US dollars and down 1.08% in Canadian dollars. The hedged class fell 0.60%, tracking the US-dollar move; the unhedged class fell 1.08%, tracking the Canadian-dollar move. Of that 1.08% decline, the currency accounted for 0.45 percentage points, roughly two fifths; the rest tracked the US-dollar move itself. What a hedge like this costs to carry over time is covered in Canadian Depositary Receipts: US Stocks in Canadian Dollars, and What the Hedge Costs.
ETHH and ETHH.B both traded below their own three-month median volume on Glamsterdam’s fork day: ETHH’s 0.88x ranks 35th busiest of its last 65 sessions, and ETHH.B’s 0.52x ranks 50th of 65. A third TSX-listed Ethereum fund, ETHY, closed at $1.675 CAD, down 1.47%, on volume of 171,091 shares, 1.28 times its own three-month median, 20th busiest of its last 65 sessions. The fuller list of how a Canadian brokerage account gets crypto exposure is ranked in Canadian Crypto Stocks: Ranked on Bitcoin Per Share.
What Happens Next, Honestly
There is no mainnet date for Glamsterdam. EIP-7773, the meta EIP that governs what the upgrade contains, has blank Hoodi and Mainnet rows and is still at Review status, meaning the contents themselves can still change.
Across the four network upgrades since the Merge, the gap between a Sepolia fork and mainnet activation ran from 42.6 to 63.1 days, with a median of 47.2, which applied to today points to a window running from roughly November 18 to December 8, centred on November 22. Four observations are not a schedule, and no client team has committed to a date.
In each of the three of those upgrades that had a hardfork meta EIP in place, a further test network forked after Sepolia: Holesky 8.5 days later for Dencun, Hoodi 21.6 days later for Pectra, and Hoodi 14.8 days later for Fusaka. On that precedent, a third Glamsterdam test fork would be due within about three weeks of today; Glamsterdam’s own Hoodi row is still blank, and nothing is scheduled.
Disclaimer: The content on bestcanadianstocks.ca is for informational and entertainment purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions. Bitcoin and Ethereum prices in US and Canadian dollars are a single live snapshot taken at 6:05 p.m. ET on October 6, 2026, from Yahoo Finance’s BTC-USD, BTC-CAD, ETH-USD and ETH-CAD series; the Canadian-dollar figures are those series’ own readings and are not the US-dollar figure converted at a separate rate. The index, commodity and 4 p.m. ET crypto closes are from the same source at the October 6 session close, and the two bases are labelled separately wherever both appear. The Canada-US exchange rate is the Bank of Canada’s daily rate, Valet series FXUSDCAD. The Sepolia fork verification is first-hand: block numbers, timestamps, header fields and the new slotNumber field were read directly from a public Sepolia JSON-RPC endpoint on the evening of October 6, 2026, and the hourly and multi-day gap rates are our own arithmetic on those reads, with pre-fork slots derived from block timestamps at twelve seconds a slot, a method that reproduces the fork block’s own slotNumber exactly. The scheduled epoch, slot and activation timestamp come from the eth-clients/sepolia network configuration. The block_access_list_hash definition is quoted from EIP-7928 and the skipped and empty slot states from EIP-7732. The two-hour fork-window move and its 719-observation control are our own arithmetic on Ethereum hourly closes. The Canadian ETF closes, volumes and three-month median volumes are our own arithmetic on TSX daily data from Yahoo Finance over the 65 sessions to October 6, 2026. The Purpose Ether ETF’s classes, management fee, MER and assets are from Purpose Investments fund data and the Purpose Funds 2026 interim financial statements to June 30, 2026. The Sepolia-to-mainnet gaps and the third test network lead times are computed from the activation timestamps in each upgrade’s own hardfork meta EIP, 7569 for Dencun, 7600 for Pectra and 7607 for Fusaka, against the Sepolia genesis configuration.
