Bitcoin Price Alert: Two Key Inflation Reports Coming This Week
Wednesday: February CPI (8:30 AM ET)
Friday: Core PCE | GDP | JOLTS | Consumer Sentiment
How it Affects Crypto:
CPI Below 2.4% = Rate Cut bets explode = $BTC Pumps
CPI Above 2.4% = hawkish Fed = risk-off = BTC dumps
But the Real Boss is Friday's Core PCE.
Last reading: 3.0%. Forecast: 3.1%
If PCE drops below 3%, crypto gets fuel for a rally.
If PCE stays hot, Fed keeps rates higher for longer. Crypto bleeds.
Also on Radar:
Tue: $ORCL Earnings + Existing Home Sales
Thu: Jobless Claims + $ADBE Earnings
Weak Jobs Data = Economy Slowing = Fed cuts sooner = bullish BTC mid-term
TL;DR
Cool inflation + weak jobs = best case for crypto
Hot inflation + strong jobs = worst case for crypto
Wednesday and Friday will set the tone for Bitcoin's March direction.
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