๐จ A week that could define the direction of the crypto market in the coming period.
After months of correction and selling pressure, the markets are eyeing a series of economic data that could move $BTC and the rest of the digital assets significantly.
๐ Wednesday:
U.S. Inflation Data (CPI)
๐ Thursday:
European Central Bank Interest Rate Decision (ECB)
U.S. Producer Price Index (PPI)
U.S. Jobless Claims
Any inflation reading higher than expected could strengthen the dollar and increase pressure on high-risk assets, while positive data might give the market a chance to catch its breath and build a stronger bottom.
๐ Was the recent drop a preparation for this week, or is it pricing in inflation data that might come in hot?
$NEAR $ZEC
After months of correction and selling pressure, the markets are eyeing a series of economic data that could move $BTC and the rest of the digital assets significantly.
๐ Wednesday:
U.S. Inflation Data (CPI)
๐ Thursday:
European Central Bank Interest Rate Decision (ECB)
U.S. Producer Price Index (PPI)
U.S. Jobless Claims
Any inflation reading higher than expected could strengthen the dollar and increase pressure on high-risk assets, while positive data might give the market a chance to catch its breath and build a stronger bottom.
๐ Was the recent drop a preparation for this week, or is it pricing in inflation data that might come in hot?
$NEAR $ZEC