Bitcoin is on shaky ground this week. Crypto markets tanked after #Trump’s Strategic Reserve news didn’t do the trick. Even his “never sell” speeches didn’t get Bitcoin to $90,000 – now it’s down to $82,000. Here’s what could move the needle:
- Tuesday: JOLTS Job Openings. Fewer jobs = cooling economy = bad for Bitcoin
- Wednesday: Core CPI. 0.3% in February could spook markets if inflation is heating up
- Thursday: PPI. Higher producer prices mean higher goods prices = more pain for risk assets
- Friday: Consumer Sentiment. If people expect more inflation, Bitcoin will drop
- Labor market shifts: Jobless claims spike, confidence will fade fast
- Fed’s next move: March 18-19 meeting. Rates stay the same, but inflation data sets the tone.
Last time CPI spiked, #Bitcoin dropped hard. Will it happen again? What’s your bet?