This week is filled with crucial US economic events that could significantly impact the cryptocurrency market.
Why Should Crypto Investors Follow Economic Events?
The cryptocurrency market is increasingly influenced by macroeconomic factors. Decisions by the Federal Reserve, for instance, directly affect the dollar's strength, inflation expectations, and overall investor sentiment, thus impacting cryptocurrency prices.
Federal Reserve Speakers
This week features speeches from Federal Open Market Committee (FOMC) members. These will provide insights into the Fed's current stance on monetary policy, especially regarding interest rates.
GDP Data and Initial Jobless Claims
Thursday will be pivotal with the release of GDP data and initial jobless claims, giving insights into the US economy's health.
Understanding economic events and their impact on the crypto market helps investors make more informed trading decisions.
