#Memecoins #ETHETFS #altcoins #BinanceLaunchpool #ETFvsBTC The next two days are crucial for Bitcoin and altcoins as all eyes turn to the United States. The US Federal Reserve chairman Jerome Powell's statements and the release of producer inflation data on Tuesday, May 14, at 15:30 GMT will directly impact financial markets. Expectations for PPI data stand at 2.2%. Powell will address the public at 17:00 GMT, potentially influencing the crypto market.

On Wednesday, May 15, consumer inflation data will be revealed at 15:30 GMT, with CPI expectations at 3.4%. If both PPI and CPI data come in below expectations and Powell's statements are mild, it could trigger significant rises in the crypto market. Conversely, if the data is worse than expected, Bitcoin may drop below $60,000.

Ted, a prominent crypto trader, highlighted the significance of the upcoming US data on BTC, saying, "We're in for a big week with inflation data on the horizon. While volatility is expected across financial markets and crypto, there's a chance that inflation might ease for the first time in a while. If expectations are met, it could bode well for risk assets like Bitcoin."