Four High-Impact US Economic Events Set to Influence Bitcoin Sentiment This Week
As Bitcoin bulls defend the $90,000 psychological level even amid geopolitical-induced volatility, traders are eyeing a packed US economic calendar that could sway crypto sentiment.
With Federal Reserve (Fed) rate-cut expectations in flux, key data releases and high-profile speeches may trigger sharp moves in BTC and altcoins.
4 US Economic Events to Watch This WeekHere’s a breakdown of the four pivotal events, each poised to ripple through crypto markets this week.
US Economic Events to Watch This Week. Source: Trading Economics
President Trump Speaks
President Donald Trump’s address at the World Economic Forum in Davos on January 21 at 1:30 PM ET is expected to be a market mover. Expectations are high given his history of unscripted remarks on trade, tariffs, and geopolitics.
Trump dominates World Economic Forum in Davos. His speech will be closely watch by European leaders as Greenland situation escalates.
Reporting from Switzerland:pic.twitter.com/1qkUCw2Ewy
As the largest US delegation ever attends Davos, Trump’s comments could address ongoing tariff disputes, potential military actions, or economic policies, directly impacting USD strength and global risk appetite.
Crypto markets, highly sensitive to macro shifts, may see volatility if Trump signals hawkish trade stances, potentially strengthening the dollar and weighing on Bitcoin prices.
Conversely, pro-growth or crypto-friendly hints could spark a rally.
Initial Jobless ClaimsThursday’s Initial Jobless Claims report, due January 22 at 1:30 PM ET, provides a timely snapshot of the US labor market health. It shows the number of US citizens who filed for unemployment insurance for the first-time last week.
Economists surveyed by Trading Economics forecast initial jobless claims at 203,000 for the week ended January 15, up from 198,000 the week before that.
This high-impact release comes amid a resilient jobs picture, as previous data surprised at 198,000, below the expected 215,000. It signals a strong economy and boosts the dollar.