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business1d ago
4 US Economic Events That Could Flip Bitcoin’s Trend Overnight
- Powell is slated to speak on December 1 as the Fed ends quantitative tightening, signaling potential policy shifts.
- Rate-cut odds for December surge to about 86%, creating expected volatility in Bitcoin and risk assets.
- ADP payrolls and jobless claims data could influence rate-cut odds and crypto markets ahead of government reports.
- PCE inflation data and consumer sentiment are watched for disinflation signals and possible December rate cuts.
- Markets expect liquidity shifts as QT ends could affect Bitcoin’s volatility compared with traditional assets.
- Powell's December speech is seen as a key trigger for immediate market reactions due to proximity to policy decisions.
- The first week of December is framed as high-stakes for digital assets due to macro releases.
- Bitcoin historically reacts to employment data, with volatility rising ahead of jobs and inflation reports.
- The article links potential leadership change at the Fed to market uncertainty and volatility in crypto markets.
- The report emphasizes the macro over crypto-specific news in guiding Bitcoin sentiment.
- The piece describes a broader macro backdrop: rate expectations, liquidity, and policy shifts shaping Bitcoin.
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