Top 4 US Economic Signals That Could Shake $BTC 🚀📉
Since, as a beginner, I spend some time searching for information about cryptocurrencies, I decided to share important information with you.
1️⃣ Initial Jobless Claims 📊
🗓 Every Thursday
A higher-than-expected number may indicate a weakening labor market, pushing investors toward safe-haven assets like Bitcoin. Lower claims suggest economic strength, potentially reducing Bitcoin’s appeal. 🚀
2️⃣ ISM Non-Manufacturing PMI 🏢
🗓 Monthly, usually first business day
A PMI reading above expectations signals a strong economy and possible Fed rate hikes. A weaker PMI raises hopes for rate cuts, benefiting Bitcoin. 🚀
3️⃣ Productivity and Labor Costs 📈💵
🗓 Quarterly, around mid-quarter
Rising productivity with low labor cost growth may reduce inflation pressure, creating favorable conditions for Bitcoin price growth. 🚀
4️⃣ Speech by Raphael Bostic, President of the Federal Reserve Bank of Atlanta 🎤
🗓 Dates vary
Fed officials’ comments, especially from Bostic, can shift market expectations on inflation and interest rates, impacting Bitcoin’s short-term price moves. 🚀📉
🔍 Summary:
Monitor these economic signals closely. They could trigger Bitcoin volatility and trading opportunities. Stay informed, trade smart! 💡💰
All indications are that signals 1-3 can only help BTC, what do you guys think?
