Four Major Variables of U.S. Economic Data: How Will They Impact the Bitcoin Market This Week

2026-01-21 01:24:19

Source: DigitalToday Original Title: US Economic Event 4 Major Variables… Shake Up Bitcoin Market Original Link:

As Bitcoin hovers around $92,000, this week’s US economic schedule is expected to have a significant impact on the cryptocurrency market. Against the backdrop of wavering expectations of Federal Reserve (Fed) interest rate cuts, the release of key data and speeches will intensify volatility in the Bitcoin and altcoin markets.

Four Key Variables

First Variable: US Presidential Speech

The US President is scheduled to deliver a speech at 1:30 PM on the World Economic Forum on the 21st. The speech may address trade, tariffs, and geopolitical issues. If tough trade rhetoric is used, it could strengthen the dollar and push Bitcoin prices lower; conversely, supportive growth comments could lead to a general rise in the cryptocurrency market.

Second Variable: Weekly Initial Jobless Claims

Data released on the 22nd is expected to show 203,000 claims, higher than the previous week’s 198,000. If unemployment remains below expectations, the Fed may tighten further, negatively impacting risk assets like Bitcoin.

Third Variable: Personal Consumption Expenditures (PCE) Price Index

The PCE is the Fed’s preferred core inflation indicator, with market expectations of a 0.2% month-over-month increase. If inflation pressures persist, the timing of rate cuts may be delayed, exerting downward pressure on risk assets such as Bitcoin.

Fourth Variable: University of Michigan Consumer Sentiment Index

The revised January figure is expected to be 54.0, the lowest in 75 years. Weak consumer confidence could worsen investor sentiment toward risk assets like Bitcoin.

Market Outlook

Currently, Bitcoin is barely holding above $92,000 amid a tug-of-war between bulls and bears. Market participants remain cautious ahead of a series of macroeconomic “big events” this week, with no clear direction yet.

Experts believe this week will be a watershed for the cryptocurrency market in the first half of the year. Given the increasing synchronization between macroeconomic variables and the crypto market, investors should closely monitor presidential remarks and Fed policy signals to manage risks effectively.

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