The following macroeconomic events can predict future declines in the crypto world. 馃馃く

JANUARY 10:

  • Unemployment rate: If unemployment decreases, it is a bad sign for the crypto world. 馃捇馃捇

  • Non-farm payroll: If this is better than expected, it is usually interpreted as a sign of economic strength, which can lead to an increase in the value of the US dollar (USD). A stronger dollar can cause investors to sell risky assets like Bitcoin, which could lead to a drop in its price. 馃挼馃挼

JANUARY 15:

  • CPI (Consumer Price Index): In other words, inflation. If this data is higher than expected, it will be very negative for the crypto world. 馃敟馃敟

All these events will culminate on January 29, as that is the day the Fed decides what to do with interest rates. This decision must be made taking into account the current economic conditions.

馃挜馃挜JANUARY 29:馃挜馃挜

  • Interest rate decision in the United States: If there is a rate cut, the crypto world is likely to benefit, but if there is no such cut, it will be harmed.

Conclusion:
Therefore, the decision to cut rates on January 29 will depend on the economic data that will take place on January 10 and 15, 2025, with the CPI being of greater importance compared to the other two.

ADDITIONAL

  • Will the United States sell 69,000 BTC? 馃挵馃捇馃挵
    A judge ruled that the Department of Justice can sell 69,370 BTC that were seized from a shady marketplace.

SHARE and comment if you want me to make a post mentioning the possible answers to that question and how to check if the US government wallet has started selling those BTC.

Have a great start to your day and don't say I didn't warn you. 馃槑馃憤