4 US Economic Events to Influence Bitcoin, Gold, and Silver Prices This Week
Investors are watching four key US economic events this week that will impact the prices of Bitcoin, gold, and silver.Summary
This week, investors in Bitcoin (hovering near $88,000), gold (near $5,000/oz), and silver (over $100/oz) are focused on four major US economic indicators that will influence sentiment. The most critical event is the Federal Open Market Committee (FOMC) decision and Jerome Powell's press conference on Wednesday, where the Fed is overwhelmingly expected to hold rates steady at 3.50%-3.75%. A dovish pause could boost risk assets like Bitcoin, while hawkish commentary on inflation could pressure all three.
Other key data points include Thursday's Initial Jobless Claims, which will gauge labor market health; lower claims could delay Fed cuts, pressuring Bitcoin, while higher claims might signal economic softening, boosting safe havens. Friday's December Producer Price Index (PPI) will reveal wholesale inflation trends; hotter data could support gold/silver as inflation hedges but pressure Bitcoin. Finally, earnings reports from tech giants like Microsoft, Meta, Tesla, and Apple on Wednesday and Thursday will affect overall risk appetite, potentially spilling over into crypto and precious metals markets.
(Source：BeInCrypto)