$BTC $ETH #FOMCMinutes š Impact of US Economic Data (August 21, 2025) on BTC
Today there is a lot of important data from the US that makes the market volatile. Let's look at its relationship with Bitcoin š
š“ Jobless Claims
Continuing Claims: 1.972K (higher than expectations)
Initial Claims: 235K (higher than expectations)
ā”ļø Indicates weakness in the labor market. Usually, this weakens the USD, which could be bullish for risk assets including BTC.
š Philadelphia Fed Manufacturing Index
Result: -0.3 (much lower than expectations of 7.0)
ā”ļø The manufacturing sector is weakening ā a sign of a shaky economy ā could drive risk-on sentiment for crypto.
š¢ PMI (Purchasing Managers' Index)
Manufacturing PMI: 53.3 (expansion)
Services PMI: 55.4 (expansion)
ā”ļø The economy is still quite strong, could slightly support the USD ā potential short-term pressure for BTC.
š¢ Housing
Existing Home Sales: 4.01M (better than expectations)
MoM: +2.0% (expectation -0.2%)
ā”ļø The housing market remains solid ā could be a reason for the Fed to remain hawkish ā not good for BTC.
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šÆ Implications for BTC:
Short Term: Weak labor & manufacturing data ā bullish opportunity for BTC (as USD is under pressure).
Medium Term: Strength in PMI & housing could limit BTC's rise, as the market still sees the potential for the Fed to remain tight.
Conclusion: BTC is potentially volatile today. Key support-resistance levels should be monitored before taking positions.
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š„ Bottom Line:
Mixed data combination ā BTC could rise in the short term if USD weakens, but there is still a risk of correction if the market returns to believing the Fed will be hawkish.
