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These 5 US Economic Indicators Could Impact Bitcoin’s Price This Week

  • Bitcoin's price is closely tied to U.S. macroeconomic data, and this week's key economic releases could significantly impact market sentiment and price movements.
  • Strong employment data and Jerome Powell's hawkish stance may lead to selling pressure on Bitcoin due to expectations for higher interest rates.
  • Five crucial reports and events to watch are the ADP Employment Report, Jobless Claims Report, Unemployment Rate, Federal Reserve Release, and Consumer Credit.
  • These indicators can influence Bitcoin's price by reflecting economic strength or weakness, potential rate cuts or higher interest rates, and shifting investor attention towards traditional assets or alternative investments.

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