Key Events This Week Could Impact Bitcoin and Crypto Market
Upcoming days are critical for Bitcoin and the crypto market due to several key factors:
- The U.S. Federal Reserve's interest rate decision and jobs data will influence risk appetite in assets, including crypto.
- Earnings reports from tech companies like Apple and Amazon may impact Bitcoin if results disappoint, reflecting its ties to tech stock performance.
- New Bitcoin ETF flows are under observation; increased inflows could indicate bullish momentum, while continued outflows may exert selling pressure.
- Bitcoin is approaching critical support levels; maintenance of these levels could lead to a rebound, whereas failure might result in further corrections.
This combination of macroeconomic news, corporate earnings, ETF activity, and Bitcoin's price action could determine the next significant moves in the crypto market.