Crypto Markets Brace for Key Macro Data Impacting Fed Decisions
Crypto markets face a crucial week with significant US macroeconomic data impacting investor decisions. Key events include:
- Tuesday: US Bureau of Labor Statistics to revise March 2025 payrolls, potentially reducing jobs by 550,000 to 950,000.
- Wednesday: Wholesale inflation data (PPI) set for release; a higher print could strengthen the dollar and increase yields, affecting risk assets.
- Thursday: Consumer Price Index (CPI) report, critical before the Fed's meeting. A lower CPI may support crypto, while a higher figure could negatively impact prices.
- Also Thursday: Weekly jobless claims data, indicating labor market strength or weakness.
- Friday: University of Michigan's sentiment and inflation expectations report.
The Federal Reserve's September 16–17 meeting looms, with discussions around potential rate cuts influenced by this week's data. Outcomes from these reports are expected to significantly affect digital asset pricing, particularly Bitcoin's response to shifts in the dollar and real yields.
The total crypto market cap is currently $3.82 trillion.
