Bitcoin: Between Hopes and Fears as US Economic Data Approaches
In the volatile world of cryptocurrencies, any economic statistic can be a game changer. After a rise of more than 10% in one week, Bitcoin enters a critical phase. Upcoming US data (inflation, employment, industry) could reshape market sentiment. In an already weakened climate due to April's disruptions, even a minor surprise could revive volatility or prolong the consolidation period. This week is expected to be crucial regarding the trajectory of Bitcoin and investor appetite for it.
The cryptocurrency market is now on hold awaiting the release of several key US economic indicators.
Bitcoin could enter a consolidation phase if the economic data disappoints.
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