US Economic Indicators to Watch: Bitcoin Faces Fed Test
The post US Economic Indicators to Watch: Bitcoin Faces Fed Test appeared on BitcoinEthereumNews.com. Traders and investors anticipate several US economic indicators this week, capable of influencing their crypto investment portfolios. These macroeconomic data become more concerning given the growing influence of macroeconomic data on Bitcoin (BTC) prices in 2025. With Bitcoin price still consolidating within the $94,000 range, volatility around this week’s US economic events could influence the next directional bias. US Economic Data Crypto Investors Should Watch This Week The following are some US economic indicators that could interest crypto market participants this week. US Economic Indicators This Week. Source: MarketWatch ISM Services This week, the ISM Services and the S&P final US services PMI are the first US economic indicators with potential crypto implications. These macroeconomic data will gauge the health of the US service sector in April. A reading above 50 often signals expansion, while below suggests economic contraction. According to data on MarketWatch, the median forecast for the S&P final US services PMI is 51.0, after the previous reading of 51.4. Meanwhile, the ISM Services has a median forecast of 50.4% after the previous 50.8% reading. “Tariffs have not had a major ripple effect on the services industry, financial conditions have remained tight. The US economy has shown some cracks in its resilience and Feds have not rushed pivoting. Expecting a lower outcome at 50.30-50.50, which can keep DXY bearish and still hold some intraday bulls on Gold? Lower services PMI shows continued signs of disinflation and supports rate cut bets,” wrote market intel Capital Hungry. Strong data often bolsters confidence in traditional markets, inadvertently reducing Bitcoin’s appeal as investors favor equities. On the other hand, a weak PMI could point to an economic slowdown, driving demand for Bitcoin as a safe-haven asset amid uncertainty. Given the crypto market’s reactions to macroeconomic signals, a faltering service sector could weaken…
The post US Economic Indicators to Watch: Bitcoin Faces Fed Test appeared on BitcoinEthereumNews.com.
Traders and investors anticipate several US economic indicators this week, capable of influencing their crypto investment portfolios. These macroeconomic data become more concerning given the growing influence of macroeconomic data on Bitcoin (BTC) prices in 2025. With Bitcoin price still consolidating within the $94,000 range, volatility around this week’s US economic events could influence the next directional bias. US Economic Data Crypto Investors Should Watch This Week The following are some US economic indicators that could interest crypto market participants this week. US Economic Indicators This Week. Source: MarketWatch ISM Services This week, the ISM Services and the S&P final US services PMI are the first US economic indicators with potential crypto implications. These macroeconomic data will gauge the health of the US service sector in April. A reading above 50 often signals expansion, while below suggests economic contraction. According to data on MarketWatch, the median forecast for the S&P final US services PMI is 51.0, after the previous reading of 51.4. Meanwhile, the ISM Services has a median forecast of 50.4% after the previous 50.8% reading. “Tariffs have not had a major ripple effect on the services industry, financial conditions have remained tight. The US economy has shown some cracks in its resilience and Feds have not rushed pivoting. Expecting a lower outcome at 50.30-50.50, which can keep DXY bearish and still hold some intraday bulls on Gold? Lower services PMI shows continued signs of disinflation and supports rate cut bets,” wrote market intel Capital Hungry. Strong data often bolsters confidence in traditional markets, inadvertently reducing Bitcoin’s appeal as investors favor equities. On the other hand, a weak PMI could point to an economic slowdown, driving demand for Bitcoin as a safe-haven asset amid uncertainty. Given the crypto market’s reactions to macroeconomic signals, a faltering service sector could weaken…
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