Following last week's U.S. Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) report, cryptocurrency traders and investors continue to monitor the U.S. economic calendar.
This week, three U.S. economic indicators will impact BTC and cryptocurrency market sentiment. Particularly, Trump's trade policies and geopolitical tensions in the Middle East continue to affect the U.S. economy.
U.S. Economic Indicators to Watch This Week
The following U.S. economic indicators could move cryptocurrency traders' and investors' portfolios this week.
From September, with market pricing already formed for interest rate cuts, if a surprise cut is on Wednesday, it would shock the market, and Bitcoin is likely to rally. As interest rates drop, the opportunity cost of holding low-yield assets decreases, which could lead to a sharp increase.
Conversely, if it is held in reserve, it may not significantly impact the market as it is already anticipated.
According to BeInCrypto data, Bitcoin is currently trading at $106,576, rising almost 1% over the past two hours.
