$BTC $BTC 5 American economic indicators with effects on cryptocurrencies this week. The American economic indicators, including LEI, Services PMI, and Manufacturing PMI, may affect the price of Bitcoin, potentially weakening investor sentiment.
A stronger US dollar may limit the appeal of positive services data for Bitcoin, while weak manufacturing signals may impact risk appetite.
A decrease in unemployment claims and a decline in consumer confidence indicate a bearish outlook for Bitcoin, although easing labor market conditions could enhance liquidity.