All the most important data of the week for Bitcoin and cryptocurrencies: complete analysis to better prepare
The week that has just ended for Bitcoin and cryptocurrencies has reminded us of an important thing: macro data are dominating the market and will be the most important thing for a while to understand the possible trajectory of prices. This is why we have prepared one for you guide to all the most important appointments of the week, with time and degree of importance.
If you want to stay updated on economic calendar – a fundamental factor for those who invest in BTC and cryptocurrencies – all you have to do is read this in-depth analysis. And in case something is not clear to you, you always can come and ask for clarification on our Telegram Channel.
Even if these are not the only factors capable of moving the markets, knowing at what time it will be necessary to prepare for possible movements can give you a big hand in positioning yourself in the right way.
Economic Week: the calendar of the most important events for Bitcoin and crypto
It will perhaps be a less busy week than the one behind us, but still with several important macro data that could move the markets Bitcoin And cryptocurrencies.
How to read the stars: we assign 1 to 3 stars to each piece of data, based on its level of importance in the crypto world. The more stars there are, the more important the data is for the crypto and Bitcoin world.
- ⭐⭐ Monday, 04:00: data from China
On Monday, at 04:00 in the morning, various data will arrive from China: industrial production, retail sales, investments in assets. These are not fundamental data for Bitcoin, but they could still influence the Chinese stock market and consequently also the crypto market.
- ⭐ Tuesday, 11:00 am: euro area inflation
Tuesday will instead be inflation day in the euro area. This is also not typically something that has much of an impact on Bitcoin and crypto, but it is still a good signal to understand how one of the main economies in the world is moving.
- ⭐⭐ Tuesday, 2.30pm: US retail sales data
They are one of the most important indicators for the performance of the US economy. A worse figure would favor rate cuts, which at least in general Bitcoin and cryptocurrencies like. So a lower than expected figure could be… positive.
- Wednesday: No trading in the US
June 19th will be a holiday in the United States and the markets will not open, and very little data will arrive from that market.
- ⭐⭐⭐ Thursday, 2.30pm: jobless claims in the USA
That is, subsidy requests. The higher the demands, the more the job market is deflating. The more the labor market deflates, the easier it is to cut interest rates. Also in this case a fact worse it is a better figure for Bitcoin and cryptocurrencies, at least in general.
- ⭐⭐ Thursday, 2.30pm: Philadelphia Fed Manufacturing Index
It is an important index for manufacturing. The higher the index, the better the production. The better production goes, the less there will be a need for rate cuts. Worse is better for Bitcoin and cryptocurrencies.
- ⭐⭐ Friday, 3.45pm: S&P Global Manufacturing, Services
They are indices published by S&P which are widely followed to understand how the main economic sectors are performing. Here too: better data, worse data for Bitcoin. And viceversa.
- ⭐⭐ Friday, 5pm: Federal Reserve report
At 5.30 pm Italian time the Federal Reserve report for Congress in terms of monetary policy will be released. There shouldn’t be any surprises, but it’s worth following this data.
We remind you that you can follow the development of this data both on ours Telegram channelboth on this site.
