Here are the most important data for the next week Bitcoin and crypto.
A tense week on the macro level ends and another one opens, with the markets, including that of Bitcoin e cryptowhich remains at the mercy of the data that will mainly arrive from USAThe week we left behind went according to expectations, but can we say the same about the next one?
Here we offer you the economic calendar for next week, the one that will begin on Monday 1 July and which will allow us to be better prepared for events that could generate more volatility.
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The most important events for the Bitcoin and crypto market
There are several events that could impact the price of Bitcoin and the market cryptocurrencies.
- Monday 1 July, 4pm: S&P Global Manufacturing
Given that it collects the expectations of the manufacturing sector. Above 50 of data will mean a positive attitude, otherwise no. Always at the same time there will also be the ISM Manufacturing PMI data, with the same functioning. Worse expectations could weigh on the markets, but could also favor expectations of cuts.
- Tuesday, July 2, 11:00 am: Euro Area Inflation
After the data from individual countries, Tuesday, July 2nd will be the day of inflation in the Eurozone. A slightly lower figure is expected, at 2.5%, against the 2.6% of the previous reading. Historically, this figure has never weighed too much on the BTC and crypto world, but it is still a figure to follow.
- Tuesday 2 July, 3.30pm : Powell Speaks
In such a tense moment for the markets, every word from Jerome Powell weighs double, especially if in conjunction with the job openings which will arrive the same day, at 4:00 PM. Follow!
- Wednesday 3 July: July 4th preview
US markets will close early for July 4th celebrations. Wall Street session only until 1:00 p.m.
- Wednesday 3 July, 2:30 pm: Jobless Claims e non Farm Employement Change
Both are labor market data. A worse data (from the labor market) would be a better data for Bitcoin, because it would provide a strong argument for rate cuts.
- Thursday, July 4th: US markets closed
For Thursday 4th July the US squares will be closed for the celebrations related to the 4th of July, Independence Day.
- Friday 5th July at 2.30pm: US unemployment
Then on Friday there will be data on US unemployment within a broader set of data on employment. The above question applies: a slowing labor market would please the markets more.
- Friday 5th July, 5pm: Fed Monetary Policy Report
The week of macro data will end for us Europeans at 5pm on Friday, when the Fed will publish its report on monetary policy. Here too, keep an eye on what will be said about interest rates.
For the rest, We can only recommend you the Bitcoin analysis of our Alexwhich will allow you to understand what type of context BTC is moving in.
