News 
December 16, 2024 
3 min. 
The coming days will be marked by crucial economic events in the United States. Thus, these events have the potential to significantly affect the cryptocurrency market. Data on inflation and monetary policy, as well as other economic releases, are on the radar of digital asset investors. They are looking for clues about the next movements of Bitcoin and other cryptocurrencies.
Crypto market eyes inflation and monetary policy
On Tuesday (17), the US Department of Labor will release the Consumer Price Index (CPI) for November. This data is widely followed because it provides insights into inflation in the country. Lower-than-expected inflation may reinforce the perception that the Federal Reserve (Fed) is close to cutting interest rates. Thus, this would be a positive catalyst for the crypto market.
On the other hand, higher-than-expected inflation may generate greater caution among investors, thus reducing the appetite for risky assets, such as cryptocurrencies.
In addition, on Wednesday (18), the Fed will announce its monetary policy decision. While the market expects rates to remain unchanged, the focus will be on comments from Chairman Jerome Powell. He may indicate the direction of future policies.
Impact on Bitcoin and other cryptocurrencies
Bitcoin, which recently surpassed the US$100,000 mark, has proven to be sensitive to economic expectations. Movements in the traditional market often have repercussions in the cryptocurrency sector. Mainly because institutional investors use BTC as a hedge against macroeconomic uncertainties.
Other important data includes the Producer Price Index (PPI), which will be released on Thursday (19), and retail sales data, on Friday (20). These reports can influence the general market sentiment, impacting both the dollar and Bitcoin.
Investors pay attention to volatility
The cryptocurrency market has already been marked by recent volatility. Economic events such as those mentioned tend to amplify these movements. Optimistic data can fuel a continued rise in the price of Bitcoin. However, disappointing results can lead to a deeper correction.
With the global economic scenario constantly changing, investors should closely monitor these disclosures, thus adjusting their strategies and anticipating possible impacts on the crypto market.
