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Four key U.S. economic data releases this week will dominate Bitcoin's trend, and the crypto market may experience significant volatility.
This week, Bitcoin traders are facing a dense schedule of U.S. economic data and policy events, including the FOMC rate decision, a speech by Federal Reserve Chairman Powell, JOLTS job openings, and initial jobless claims—four key indicators. These data points will directly influence market sentiment and determine the next phase for Bitcoin.
The FOMC rate decision is considered the most impactful event for the crypto market this week and will be announced on Wednesday. CME data currently shows the market expects an 87% probability of a rate cut. Easing policies are generally positive for Bitcoin. After experiencing volatility over the weekend, Bitcoin has remained stable above $90,000, indicating resilient buying interest. However, the market widely believes that the Fed’s forward guidance will have a greater impact than the rate cut itself.
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