🔥 This week, the crypto market is holding its breath for economic numbers from the U.S., promising to create significant volatility! Here are 4 important economic indicators that investors cannot miss:
1️⃣ FOMC Minutes (Wednesday, 28/05)
The Federal Reserve's meeting minutes will reveal the latest views on inflation and the interest rate path. If the Fed signals a loosening of policy, Bitcoin and#altcoins could surge strongly. But if the 'hawkish' tone continues, be prepared for a correction!
2️⃣ Q1 2025 GDP (Thursday, 29/05)
The second quarter GDP update will provide a clearer picture of the U.S. economy. If GDP grows strongly, 'risk-on' sentiment could push BTC above $110K. On the other hand, weak figures could drag the crypto market down as investors fear a recession.
3️⃣ Initial Jobless Claims (Thursday, 29/05)
Weekly unemployment claims data is a measure of labor market health. Low figures will reinforce positive sentiment, supporting risk assets like crypto. However, if the number unexpectedly rises, #ETH and other coins may face selling pressure.
4️⃣ PCE Index (Friday, 30/05)
The Personal Consumption Expenditures (PCE) price index – the Fed's preferred measure of inflation – is the focal point of the week. If inflation decreases, the likelihood of the Fed cutting interest rates will increase, paving the way for a #crypto boom. Conversely, hotter-than-expected inflation could cause #BTC to drop.
💡 Market prediction: With optimism from the U.S. delaying global tariffs and capital flowing into crypto funds, #Bitcoin is holding steady near $109K. However, the above indicators will determine whether the market continues to soar or faces a corrective 'punch.'
📢 Act now: Closely monitor economic announcements and prepare your trading strategy! Do you think #crypto will be 'green' or 'red' this week? Share in the comments! 🚀
