4 Key Economic Indicators Impacting Bitcoin Price This Week

Bitcoin reached new all-time highs this weekend, but crypto traders must remain vigilant amid looming economic turbulence. What are the 4 key US signals to closely monitor this week ?

Bitcoin Volatility Ahead ? CPI Emerges as a Critical Indicator

The US CPI, expected on Tuesday, is arguably the most important economic indicator of the week. Economists forecast inflation of 2.7% in June, following 2.4% in May. If this figure exceeds 2.4%, markets anticipate a monetary tightening by the Federal Reserve, which could weaken Bitcoin in the short term. Conversely, a drop below 2.4% would be a bullish signal for the cryptocurrency, favoring interest rate cuts and increased liquidity.