news 
Big Week for Crypto: 5 Key US Economic Events to Watch
The crypto market has started the week with a massive drop, wiping out $260 billion in just 24 hours. With Bitcoin and altcoins experiencing heightened volatility amidst tensions over new US trade tariffs and global economic concerns, all eyes are now on five major US economic events that could further shake the market.
April 9: FOMC Minutes Release
One of the most significant events is the release of the Federal Open Market Committee (FOMC) minutes from its March meeting. The minutes will reveal clues about future interest rates. Last month, the Fed kept interest rates at 4.50%, and they are expected to stay the same this month. If the Fed hints at keeping rates high, Bitcoin might drop further as investors move to safer assets. On the other hand, if the Fed signals rate cuts, crypto prices could surge as investors seek high-growth opportunities.
April 10: Initial Jobless Claims Report
Another closely watched metric is the weekly Initial Jobless Claims report, which will provide a real-time snapshot of the U.S. labor market. A lower number of claims would indicate a stable economy, possibly reducing demand for Bitcoin as a hedge against uncertainty. Meanwhile, if jobless claims rise, concerns over a weakening economy could push the Federal Reserve towards policy adjustments, potentially boosting crypto markets.
April 10: CPI Report
On Thursday, another key event will be released, which is the Consumer Price Index (CPI) report. The index tracks inflation by measuring changes in consumer prices. If inflation remains high, the Fed might delay rate cuts, hurting Bitcoin. A lower-than-expected CPI, however, could increase the chances of rate cuts, boosting investor confidence in crypto.
April 11: Producer Price Index (PPI) Data
11 April will bring another key economic report, which measures inflation at the production level. A sharp rise in PPI could mean that inflation is still a problem, making it harder for the Fed to cut rates. If PPI remains stable, it could ease inflation fears and help push Bitcoin higher.
April 11: Consumer Sentiment Index
Lastly, Friday will see another key data release – the Consumer Sentiment Index. This report measures how confident Americans feel about the economy. If confidence is high, investors may prefer stocks over crypto. But if confidence drops, Bitcoin could see a surge as people look for safe-haven investments.
These five events have the potential to greatly impact the market’s trajectory this week, and crypto enthusiasts should pay close attention to these indicators as they unfold.
Source: https://coinpedia.org/news/big-week-for-crypto-5-key-us-economic-events-to-watch/
