American economic data this week: The main events that form Bitcoin

This week in Crypto, many American economic data versions will affect Bitcoin (BTC) and the general address of Crypto Market.

Meanwhile, Bitcoin price is still hovering near a threshold of $ 87,000, and defending the additional downside although it is devoid of sufficient stimuli to stimulate their upscale capabilities.

American economic data with the effects of encryption this week

This week, five American economic data groups, including services and manufacturing procurement managers, consumer confidence, primary unemployment demands, gross domestic product, PCE index, and interest encryption dealers and investors. Here is how they can influence feelings.

Services and manufacturing PMI

The S&P GLOBAL Us Services and Manufacturing Pata, due on Monday, March 24, will evaluate the validity of these critical sectors. Modern trends show strong manufacturing at 52.7, while tracking services at 51.0.

Manufacturing readings and powerful services can enhance the appetite of the risk, and possibly raise bitcoin as investors seek high -yielding assets. On the contrary, readings that are less than 50 will indicate an economic shrinkage, staging fears of recession and lead to effective calm flows effectively from encryption.

with Trump’s pro -growth policies The traction acquisition, any surprise besides the upward trend can lead to the amplification of upward feelings, although the constant weakness may admire enthusiasm.

“A crowd week with our arrival to the end of the first quarter of 2025. How will the markets close the first quarter of the new Trump duration?” Analyst Mark Coleen from Alphabtc Impose.

Consumer confidence

The consumer confidence index on Tuesday from the Conference Council, expected at approximately 10 am, will reflect the positions of spending amid economic uncertainty. Despite the growth of strong jobs, the February to 98.3 – more severe since 2021 – is in a state of anxiety.

The recovery can indicate the average expectations of 95.0 to retail optimism, which is a major engine for the retail sales market in Bitcoin, pushing prices up.

However, if confidence is softened more, Dovish Reserve Federal (Fed) expectations may grow, and mixed results. Liquidity hopes can dominate the BTC price, but risk movements may dominate.

Initial unemployment claims

On Thursday, the report of the unemployed demands will follow the strength of the labor market, indicating the number of American citizens who provide unemployment.

It was suggested reading 223,000 for the week ending March 15, just less than 224,000 expected, the cooling economy, a pivotal point for the FBI policy. Positive feelings were extended after the week ending March 8, when the demands of initial unemployment in the United States reached 220,000, compared to 225,000 expected.

This time, however, the average expectations is a slight stumbling block in the initial unemployment claims to 226,000 for the week ending March 22.

It can raise higher claims StagnationPushing investors towards bitcoin as a hedge against instability. On the other hand, the lowest demands may enhance traditional markets and capital from encryption. With the Trump administration reinforcements, this data can burn feelings sharply.

gross domestic product

The GDP is expected to be the second review of the Q4 2024, outside Thursday, by 2.3 %. The strongest growth can weaken Bitcoin as the origin of risk if investors prefer shares, especially with a review of 2024 numbers showing an annual increase of 3 %.

Weak printing may be the fuel rate speculation, which enhances BTC’s attractiveness as a value store. Curd dealers monitors how this corresponds to the last economic analysis office (bea), indicating a strong spending of consumers.

Meanwhile, the Bitcoin and Economic Challenge, George Seljin, claims that a Bitcoin strategic reserves The gross domestic product will enhance. The finance expert argues that bitcoin prices do not directly or significantly affect the country’s economic product.

“… but that [Bitcoin] The price does not have a specific and significant effect on the gross domestic product, so by storing Bitcoin, the gross domestic product does not grow. Make up.

This point stems Trump’s executive order in March 2025 Create strategic bitcoin reserves using confiscated assets. Celgin and others criticize this as a misuse of public funds.

PCE indicator

Meanwhile, the Federal Reserve is preferred Economic inflation Gauge, PCE Index (Personal Consumption Expenses), scheduled for Friday. The February Index will follow an increase of 2.5 % on an annual basis (YOY).

The most heated pce can lead to expected (except for food and energy) to delay the discounts at the rate, which presses Bitcoin down with looming on the horizon a more strict policy. The most enlarged reading may ignite, enhancing the hopes of cash dilution. With no inflation, this version can dictate the BTC path in the short term.

The encryption markets remain on the edge of the abyss, with the facilitation of these events to form the Bitcoin path Changing economic novels for us.

Beincrypto Data shows BTC has been trading for $ 86,712, an increase of more than 3 % in the past 24 hours.