The post Key US Economic Data to Be Released – Here How Crypto Will BE Impacted appeared first on Coinpedia Fintech News
After closing May with a strong 11% gain, June is shaping up to be a critical month for crypto investors, with several key U.S. economic reports scheduled for release in the coming weeks.
Each of these could have a big impact on the crypto market, especially Bitcoin and altcoins.
6th June: Non-Farm Payrolls & Unemployment Rate
On June 6th, all eyes will be on the Non-Farm Payrolls report and the updated unemployment rate. In April, the US added 177,000 jobs and kept unemployment steady at 4.2%. This time, economists expect a smaller gain of 130,000 jobs.
If job growth slows more than expected, the Federal Reserve might decide to ease up on its strict money policies. A weaker dollar could then make Bitcoin more attractive for those seeking safe havens during market uncertainty
11th June — CPI Inflation Report
Next up, the Consumer Price Index (C
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