In this article you will learn:
- What economic data is moving prices this week
- Why U.S. gross domestic product estimates could influence Federal Reserve interest rate policy
- Why investors should pay attention to core inflation data
- What can be derived from the latest quarterly figures from Meta, Alphabet and Microsoft for the financial market
Despite another massive sell-off to $59,573 in response to Israel’s airstrike on Iran on the night from Thursday to Friday, the price of Bitcoin (BTC) and with it the entire crypto market were able to recover significantly. At its peak, Bitcoin shot north by ten percent. One day after the Bitcoin halving, the crypto reserve currency is trading a good 0.5 percent higher compared to the previous week at around 64,952 US dollars. Despite political uncertainty, a weak week of trading on the US stock market and massive profit-taking by technology heavyweights such as Microsoft, Nvidia, Apple and Netflix, the crypto sector was, contrary to expectations, very resilient and was able to slide below the psychological mark of 60,000 US dollars. Prevent dollars again.
As always, whether the buying side can further stabilize the Bitcoin price 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.
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