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🪙💡These 5 US Data Points Will Impact BTC Prices This Week
US Economic Data in Focus: This week, five crucial reports could shake up the crypto markets! From employment figures to consumer sentiment—every detail matters. Will Bitcoin benefit or come under pressure? Prepare for a volatile week ahead!
ADP Employment Report (Wednesday): A job growth of 130,000 is expected for December, lower than the 146,000 reported in November.
FOMC Minutes (Wednesday): The Fed has signaled a cautious stance for 2025, with only two planned rate cuts to counter persistent inflation.
Labor Market Data & Consumer Sentiment (Thursday/Friday): Recent claims reached an eight-month low at 211,000. Low unemployment benefit claims and positive consumer sentiment boost confidence and risk appetite, which could benefit Bitcoin.
US Labor Market Report (Friday): Forecasts predict 155,000 new jobs (down from 227,000 in the previous month) with a stable unemployment rate of 4.2%.
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