1. Purchasing Managers' Index (S&P):
• A strong indicator reflects an active economy but may lead to tight monetary policies, which puts pressure on the cryptocurrency market.
2. Job Opportunities Report (JOLTS):
• A decline in job opportunities may indicate an economic slowdown, which reduces the chances of an interest rate hike and boosts demand for cryptocurrencies.
3. Employment change (ADP) and unemployment rate:
• Slowing job growth and rising unemployment to 4.3% could prompt the Federal Reserve to ease monetary policy, supporting risk assets such as cryptocurrencies.
Conclusion:
These indicators will influence market expectations regarding interest rates, making the week crucial for cryptocurrency trends.