Four High-Impact US Economic Events Set to Influence Bitcoin Sentiment This Week
Traders are watching four key US economic events this week that could significantly affect Bitcoin's price action and sentiment.Summary
As Bitcoin attempts to hold the $90,000 level amidst volatility, traders are focusing on four major US economic events that could sway crypto sentiment, particularly regarding Federal Reserve rate-cut expectations. The events include President Trump's speech at Davos, which could impact global risk appetite via trade and geopolitical comments; the Initial Jobless Claims report, where lower claims might reinforce hawkish Fed views; the Core PCE Price Index, the Fed's preferred inflation gauge, where higher readings could delay easing; and the Revised University of Michigan Consumer Sentiment Index, which reflects retail health crucial for crypto adoption. Any deviation from expectations in these reports is likely to cause volatility in Bitcoin, which is currently trading around $92,663.
(Source：BeInCrypto)