In this article you will learn:
- What economic data is moving prices this week
- Why US housing data has a strong influence on crypto market prices
- Why the US Federal Reserve’s key interest rate decision is likely to have a significant impact on prices on the financial market
After Bitcoin rose to a new all-time high of $73,835 in the middle of the week, there was an interim price correction over the weekend, which temporarily caused the BTC price and the majority of altcoins to drop significantly in value. Just in time for the end of the week, the crypto market was able to shake off its temporary weakness and begin to recover. While Bitcoin ended the trading week in the area of 68,000 US dollars and thus with a slight price discount compared to the previous week, altcoins from the AI sector once again showed their bullish side and mostly completely ironed out the price declines of the previous days. The high-speed blockchain Solana (SOL) also recorded notable price increases, rising to a new annual high of $204 as part of the ongoing memecoin rally and replacing Binance Coin (BNB) as the fourth largest cryptocurrency.
As always, whether the buying side will raise the Bitcoin price to new highs in the new trading week depends on the latest economic data from the USA. But what dates are coming up this trading week? An overview.
The most important economic data of the week
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