Bitcoin’s Big Macro Data Week: Here’s What To Watch
Posted On January 13, 2025
Bitcoin (CRYPTO: BTC) faces several key macroeconomic data releases this week, causing heightened volatility in the markets.
What Happened: The Kobeissi Letter pointed to a packed key economic events week which includes the December Producer Price Inflation on Tuesday, Consumer Price Inflation on Wednesday, Retail Sales on Thursday and the Philadelphia Fed Manufacturing Index on Thursday.
Additionally, seven Fed speakers are scheduled, making it a critical week for inflation data and Federal Reserve insights.
Crypto trader Michael van de Poppe speculated about the possibility of a classic “Sell the Rumor, Buy the News” event and questioned whether the catalyst could be PPI, CPI or even the President’s inauguration on …
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