US Economic Events and Their Impact on Cryptocurrencies This Week
1. S&P Purchasing Managers Index (PMI):
• A strong indicator that reflects a vibrant economy but could lead to tighter monetary policies, weighing on the cryptocurrency market.
2. Job Openings Report (JOLTS):
• A decline in job openings could signal an economic slowdown, reducing the likelihood of a rate hike and boosting demand for cryptocurrencies.
3. ADP Employment Change and Unemployment Rate:
• Slowing job growth and a rise in unemployment to 4.3% could prompt the Federal Reserve to ease monetary policy, supporting risk assets like cryptocurrencies.
Conclusion:
These indicators will influence market expectations regarding interest rates, making the week crucial for cryptocurrency trends
