#1. PMI for services and manufacturing
Data released on Monday from S&P Global for services and industry will be an indicator of the health of key sectors. Strong readings could increase risk appetite, while results below 50 would signal a contraction in the economy.
2. Consumer confidence index
On Tuesday, the consumer confidence index is expected, which will reflect sentiments regarding spending. A higher level could favor BTC growth, while a decline in sentiment could trigger a market reaction.
3. Jobless claims
The Thursday report on initial jobless claims will show the strength of the labor market. Changes in the number of claims filed could influence Fed decisions and thus impact investor sentiment.
4. GDP revision for Q4 2024
The second GDP revision, projected at 2.3%, could determine the attractiveness of risky assets. Stronger growth might divert investors' attention from cryptocurrencies, while weaker results could further support BTC as an investment alternative.
5. PCE index
The Fed closely monitors the PCE index as a measure of inflation. Higher than expected results could delay interest rate cuts, which in turn would affect sentiment in the cryptocurrency market.