After the Fed’s announcement that it will raise interest rates by 25 basis points and the steps taken by the SEC regarding cryptocurrencies bitcoin The price fell below $27,000, but recovered and reached the $28,000 limit again.
Especially considering that the economic data from the USA significantly affects the prices of BTC and other cryptocurrencies, users will follow the data closely.
Here is the outlook for the week and the events that could be important for BTC.
Tuesday, March 28
00:00 – Fed Member Philip N. Jefferson to Speak
17:00 – Michael S. Barr, Deputy Chairman of the Fed Board of Auditors, to Testify
As the focus continues on deposit insurance, any comment on this topic could stir the market and provide more clues as to how Barr sees the latest channel of lending to US banks.
Thursday, March 30
15:30 – US Gross Domestic Product (GDP) To Be Released (Expected: 2.7%, Previous: 3.2%)
Gross Domestic Product (GDP) measures the annual change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the health of the economy.
15:30 – US Initial Unemployment Claims (Expected: 196,000, Previous: 191,000)
19:45 – FOMC Member Barkin to Speak
22:45 – US Treasury Secretary Yellen to Speak
Speaking frequently on a wide range of topics, Yellen’s speeches are often used to inform the public and foreign governments of government policy changes.
Friday, March 31
12:00 – Eurozone Consumer Price Index (CPI) to be Announced Annually (Expected: 7.2%, Previous: 8.5%)
15:30 – US Core US Core Personal Consumption Expenditures (PCE) Price Index To Be Released Monthly (Expected: 0.4%, Previous: 0.6%)
The US core CPI will be announced on April 12 and will have an impact on the markets.
*Not investment advice.
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