Crypto markets reacted negatively to last week’s big announcements from the White House regarding the strategic Bitcoin reserve.
Not even Trump’s advice to “never sell your Bitcoin” at Friday’s crypto summit was enough to boost the asset back over $90,000, and it has weakened over the weekend.
Markets will have key inflation reports to digest this week, and hotter-than-expected figures could rattle risk on assets such as stocks and crypto.
Economic Events March 10 to 14
Wednesday will see the release of February’s Core CPI data. The Consumer Price Index is one of the two key inflation indicators as it reflects price trends in the economy, shapes consumer spending, and directly affects the Fed’s policy rate decisions.
Bitcoin prices fell following higher-than-expected CPI figures in February, so history could repeat itself if the figures are not favorable.
“A hot CPI print will likely scare the market,” Bryant VanCronkhite, senior portfolio manager at Allspring Globa
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