Crypto Market Anticipates Key Economic Data That May Impact Bitcoin
This week is critical for the crypto market as macroeconomic data may influence Bitcoin's price direction. Key events include:
- The July Consumer Price Index (CPI) release on August 12, projecting core CPI at +0.3% m/m and headline CPI at +0.2% m/m.
- Producer Price Index (PPI) expected on August 14, with consensus at +0.2% m/m.
- Retail sales data on August 15, anticipated to show +0.5% m/m growth.
- OPEC’s Monthly Oil Market Report releasing on August 12, potentially affecting inflation expectations.
FTX’s estate will set the record date for cash distributions on August 15, with payments starting September 30, 2025.
Ethereum's outlook includes SharpLink Gaming's Q2 2025 earnings call on August 15, where potential changes in ETH accumulation strategy could impact its status as a treasury asset.
Bitcoin approaches its July record of $123,153, currently trading at $121,699. A breach above $123,200 could signal a continuation of the upward trend.
