Bitcoin is holding above $100K, but all eyes are on key US economic data that could spark serious market moves.
Here’s what crypto traders are watching this week:
CPI (Consumer Price Index) – Drops Tuesday
April’s CPI report is the biggest focus. If inflation cools, the Fed may face pressure to cut rates — bullish for BTC.
But if inflation picks up, the Fed could stay hawkish, supporting the dollar and hurting crypto momentum.
Initial Jobless Claims – Thursday
Last week’s claims fell to 228K, beating expectations. A strong labor market supports the dollar — often bearish for Bitcoin.
PPI (Producer Price Index) – Also this week
March’s PPI came in soft. If April’s numbers stay low, it boosts the case for Fed easing. But hot prints could spook markets.
Consumer Sentiment – Friday
The University of Michigan’s index dropped to 52.2 in April, the lowest in nearly 5 years. Weak sentiment can hurt spending and liquidity — bad news for risk assets like crypto.
With Trump’s economic policies making headlines again, macro data is more critical than ever for Bitcoin’s direction.
Will BTC hold strong, or are we due for a pullback?
Drop your take 👇
