Market drivers this week: US economic indicators and BTC
📊 Bitcoin is oscillating around 101,500 after a volatile weekend that saw prices drop below 99,000 before recovering. Three key economic events in the United States could trigger new volatility this week:
1. Powell's Testimony (June 24) - The comments from the Fed Chairman on monetary policy in the context of tensions in the Middle East could have a significant impact on the markets. A hawkish tone could pressure BTC, while accommodative signals could drive it up.
2. Initial Jobless Claims - With claims reaching 245,000 (the highest level since October) and expected to hit 248,000, a weakening labor market could actually benefit Bitcoin as it raises expectations for rate cuts.
3. PCE Inflation Data - The Fed's preferred inflation gauge is expected to rise to 2.3% (up from 2.1%), with a core PCE at 2.6%. Higher readings could strengthen the USD and pressure cryptocurrencies.
