3 US Economic Trends that Potentially Affect Bitcoin and Crypto Sentiment This Week

Jakarta, Pintu News – Crypto markets are always sensitive to changes in the global economy, especially from the United States. This week, several important economic reports are scheduled to be released, each of which could have a significant impact on Bitcoin (BTC) and other crypto assets. Here is an in-depth analysis of these economic trends and their potential impact on the crypto market.

Consumer Confidence Index

The Conference Board will release its Consumer Confidence Index for April on Tuesday. March’s index showed a less optimistic view from consumers with an expected median score of 87.4. If the results are disappointing, this could put pressure on Bitcoin (BTC).

According to economist Justin Wolfers, current conditions such as tariff madness and declining consumer confidence could increase overall market volatility. Conversely, if the readings are lower than expected, this could increase the appeal of Bitcoin (BTC) as a safe haven asset. However, it could also increase overall market volatility, requiring more cautious investment strategies from market participants.

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ADP and JOLTS Job Reports

The ADP National Jobs Report to be released on Wednesday provides a snapshot of job creation in the private sector. March’s figure of 155,000 exceeded estimates. If this report shows a figure above 160,000, it could support Bitcoin (BTC) price gains.

However, a reading below 110,000 will reinforce fears of an economic slowdown, which might push investors into safe haven assets. Next, the Job Openings and Labor Turnover Survey (JOLTS) will also be released, with a reading below 7.4 million could spark further recession fears. A sharp drop in the number of job openings could push investors to stablecoins as a form of defense.

GDP Growth and Inflation Report

First quarter GDP growth estimates will be announced, with previous growth slowing to 2.4% in the fourth quarter of 2024. A reading above 3% would trigger bullish sentiment across crypto markets, while a weak reading could be an advantage as it might trigger an interest rate cut by the Federal Reserve, which could indirectly support Bitcoin (BTC) prices.

In addition, the Core PCE Price Index will be released to show the inflation trend. Persistent inflation could affect monetary policy. A lower than expected reading could increase optimism about further monetary easing.

Conclusion

With various economic reports scheduled for release this week, investors and crypto market watchers should remain vigilant. Changes in these economic data could present significant opportunities or risks, depending on the outcome. Therefore, an in-depth understanding of the impact these reports can have on the crypto market is key to effective navigation of investments.

Also Read: Trump’s Dinner Party Triggers Big Waves in Crypto Market!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News Flash. 7 US Economic Trends That Could Affect Bitcoin and Crypto Sentiment This Week. Accessed on April 29, 2025
• Featured Image: PYMNTS