As Bitcoin bulls defend the $90,000 psychological level even amid geopolitical-induced volatility, traders are eyeing a packed US economic calendar that could sway crypto sentiment.
With Federal Reserve (Fed) rate-cut expectations in flux, key data releases and high-profile speeches may trigger sharp moves in BTC and altcoins.
4 US Economic Events to Watch This Week
Here's a breakdown of the four pivotal events, each poised to ripple through crypto markets this week.
President Donald Trump's address at the World Economic Forum in Davos on January 21 at 1:30 PM ET is expected to be a market mover. Expectations are high given his history of unscripted remarks on trade, tariffs, and geopolitics.
As the largest US delegation ever attends Davos, Trump's comments could address ongoing tariff disputes, potential military actions, or economic policies, directly impacting USD strength and global risk appetite.
Crypto markets, highly sensitive to macro shifts, may see volatility if Trump signals hawkish trade stances, potentially strengthening the dollar and weighing on Bitcoin prices.
Thursday's Initial Jobless Claims report, due January 22 at 1:30 PM ET, provides a timely snapshot of the US labor market health. It shows the number of US citizens who filed for unemployment insurance for the first-time last week.
Economists surveyed by Trading Economics forecast initial jobless claims at 203,000 for the week ended January 15, up from 198,000 the week before that.
This high-impact release comes amid a resilient jobs picture, as previous data surprised at 198,000, below the expected 215,000. It signals a strong economy and boosts the dollar.
For Bitcoin, lower claims (indicating fewer layoffs) could reinforce hawkish Fed expectations, raising yields and pressuring risk-on assets like crypto.