The four major U.S. economic data that may affect the trend of Bitcoin this week.

The four major U.S. economic data points to follow this week are as follows. Crypto market traders can utilize the following macroeconomic data fluctuations to plan or adjust their trading strategies in advance.

1. Consumer Price Index (CPI)

The CPI (Consumer Price Index) in the United States will be released this Tuesday (July 15), making it one of the most important economic data points of the week. According to MarketWatch, economists expect the inflation rate for June to reach 2.7%, an increase from 2.4% in May.

According to BeInCrypto, the rise in CPI in May marks the first increase in inflation since February, so any data above 2.4% will indicate a continued inflation trend. If the CPI in June exceeds 2.4%, the market may expect the Federal Reserve (Fed) to tighten policies, putting pressure on Bitcoin. Conversely, if the CPI is below 2.4%, the market may enhance expectations for a Fed rate cut, driving up Bitcoin prices.

It is worth noting that speeches by Federal Reserve officials on the same day may exacerbate market Fluctuation, and investors will closely follow their remarks to gain insight into the Federal Reserve's policy direction.

2. Producer Price Index (PPI)

In addition to the CPI, the PPI (Producer Price Index) in the United States is also an important economic data point worth following. The PPI measures the average price changes in the goods and services sold by producers.

The year-on-year inflation rate of the PPI in May was 2.6%. A slight increase in the PPI is expected in June. If the PPI rises again in June, it could mean higher inflationary pressures in the future, increasing the risk of interest rate hikes, which would be unfavorable for Bitcoin. Conversely, a decline in the PPI could alleviate inflation concerns and support a rate cut policy, which would help Bitcoin's rise.

3. Initial Jobless Claims

Initial Jobless Claims will be released this Thursday, becoming one of the key data points affecting Bitcoin price fluctuations. As labor market data increasingly replaces inflation data and becomes a major catalyst for Bitcoin's macroeconomics, changes in jobless claims will directly impact market sentiment.

It is expected that in the week of July 5, the initial jobless claims will increase from 227,000 to 233,000. The rise in the number of applicants indicates a weak labor market, which may increase market expectations for a rate cut by the Federal Reserve. This is good news for Bitcoin and the crypto market, as lower interest rates will weaken the dollar and increase demand for risk assets like Bitcoin.

4. Consumer Confidence Index

The Consumer Confidence Index released this Friday is also an important economic indicator for the United States, having a profound impact on Bitcoin prices. The Consumer Confidence Index for July is expected to be 62.0, up from 60.7 in June.

The Consumer Confidence Index reflects the economic confidence of American consumers and directly impacts the price of Bitcoin. If the Consumer Confidence Index in the United States is above 60.7, it indicates a strong economy, which may reduce expectations for interest rate cuts, thereby strengthening the dollar and putting pressure on Bitcoin. Conversely, if the confidence index is below expectations, it will increase market expectations for the Federal Reserve to cut interest rates, which would be beneficial for Bitcoin.

Summary:

After Bitcoin (BTC) reached an all-time high, investors need to closely follow the release of four U.S. economic data points this Thursday. These data will affect the price trend of Bitcoin, especially CPI, PPI, initial jobless claims, and consumer confidence index. If there are changes in the Federal Reserve's policy expectations, it could have a significant impact on Bitcoin. Cryptocurrency investors in the Russian region should also pay attention to these economic indicators, as they may directly affect global market fluctuations, especially when the demand for risk assets increases.