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**3 Things That Could Impact Bitcoin and Crypto Markets in Week Ahead**
As the crypto market sentiment appears to be improving, a busy but short week lies ahead on the United States economic calendar. In this article, we’ll take a closer look at three key events that could impact the price of Bitcoin (BTC) and other cryptocurrencies.
Firstly, **ISM Manufacturing PMI** is set to be released on Tuesday. This report will provide valuable insights into business conditions in the manufacturing sector, serving as a significant leading indicator of overall economic conditions. Any surprise outcomes or changes from expectations may have an immediate impact on crypto markets.
Secondly, the upcoming **Job Openings and Unemployment Reports** due on Wednesday and Thursday, respectively, will provide crucial information about labor market conditions. These reports represent the number of new jobs created during the previous month and the percentage of people actively seeking employment. As these figures strongly correlate with overall economic health, any unexpected changes may significantly impact cryptocurrency prices.
Lastly, **Federal Reserve Chair Jerome Powell’s Comments** regarding inflation concerns are likely to influence sentiment in traditional markets, which could have a ripple effect on crypto markets. The recent acceleration in core PCE data has sparked some uncertainty about the potential for future rate hikes. Any remarks from Powell that contradict market expectations may cause a significant shift in investor psychology.
It is important to note that these events have the potential to create volatile market conditions, and traders should be cautious when making investment decisions during this time.
That’s all I can say about these three events that could impact Bitcoin and crypto markets in the week ahead.
Source: cryptopotato.com