📊 This week’s macro data could heavily impact the crypto market.
Key events to watch 👇
🛢️ EIA Crude Oil Stocks (Wednesday)
• Rising inventories may signal weaker demand → Risk-off sentiment
• Falling inventories could indicate stronger demand → Risk-on momentum
📈 US Jobless Claims (Thursday)
• Lower claims = stronger labor market → Fewer rate cuts expected → Pressure on risk assets
• Higher claims = weaker economy → More chances of Fed rate cuts → Positive for crypto
BTC and altcoins could see increased volatility around these reports, so traders are staying cautious and watching macro trends closely. 👀