Bitcoin investors are bracing for potential market volatility driven by several significant macroeconomic events scheduled for the upcoming week.
Federal Reserve Chair Jerome Powell’s testimony before Congress stands as a primary focal point. Market participants will scrutinize Powell’s remarks for insights into future monetary policy direction, particularly regarding interest rates, which heavily influence risk assets like Bitcoin.
The release of the U.S. Core Personal Consumption Expenditures (PCE) Price Index data is another critical event. As the Federal Reserve’s preferred inflation gauge, this data point will be closely watched for signals on inflation trends, impacting expectations for Fed policy and consequently, Bitcoin’s price action.
Adding to the potential catalysts, a deadline for imposing new tariffs is also approaching. Developments surrounding these tariffs could introduce uncertainty into broader financial markets, potentially affecting Bitcoin sentiment and trading patterns.
These converging events highlight the sensitivity of the cryptocurrency market to traditional macroeconomic forces and policy announcements.