Bitcoin braces for key US economic data: Will inflation boost prices?

12/12/2024 00:00
Bitcoin braces for key US economic data: Will inflation boost prices?

Bitcoin braces for key inflation and unemployment data this week, with CPI and jobless claims shaping market sentiment and price trends.

Active Currencies 16048

Market Cap $3,756,082,108,536.90

Bitcoin Share 52.97%

24h Market Cap Change $4.96

Posted:

  • CPI and joblessness claims may influence Bitcoin’s price and risk sentiment.
  • Market volatility expected as Fed policy implications unfold from key US economic data.

Bitcoin [BTC] investors are gearing up for a critical week as the market navigates a potential turning point. With the Consumer Price Index (CPI) report set for release tonight and unemployment data following tomorrow, all eyes are on these key economic indicators.

The reports are expected to shed light on inflation and labor market health, two factors closely tied to Federal Reserve policies.

Avatar

Samantha is a full-time crypto journalist with 2 years of writing experience in the field. Her key area of interest is the political ramifications of crypto-centric laws around the world. An avid market trader, Samantha also has a keen eye for price anomalies on trading charts.

Read more --->