Following the recent March five major US events, including the Liberation Day and the Initial Job Claims, are expected to impact the crypto market, according to a Crypto News Flash (CNF) previous report.
In this article we will dive closer look to indicate of Bitcoin current Crucial Week Amid Economic Indicators and Market Volatility:
Federal Reserve’s Interest Rate Decision (May 7)
First, the Federal Reserve is anticipated to maintain its benchmark interest rates between 4.25% and 4.5%. While inflationary pressures support this stance, political influences, notably from President Trump advocating for rate cuts, add complexity to the decision-making process.
As of April 18, 2025, the Federal Reserve hint fueled XRP $20 price speculation, according to CNF. It was even highlighted that mentioned in a circulating Federal Reserve document as part of the blockchains being considered for a FedNow integration.
Ethereum’s Pectra Upgrade (May 7)
Second, coinciding with the Fed’s announcement, Ethereum is set to implement its Pectra upgrade, introducing 11 enhancements aimed at improving wallet usability and increasing the maximum stake per node from 32 ETH to 2048 ETH.
U.S. Initial Jobless Claims Report (May 8)
Third, the upcoming release of the U.S. initial jobless claims will offer fresh insights into the labor market’s health. A lower-than-expected figure would suggest economic robustness, possibly leading to bullish trends in risk assets like Bitcoin.
Inflation Indicators: CPI and PPI Data (May 13 & 15)
Fourth, the Consumer Price Index (CPI) and Producer Price Index (PPI) reports are critical in gauging inflationary trends. Recent data showed an inevitability of a 0.1% decrease in CPI and a 0.4% month-over-month decline in PPI, events that previously led to Bitcoin price upticks.
Market participants will closely monitor these releases for indications of inflation trajectories, which could influence Federal Reserve policies and, by extension, Bitcoin’s valuation.
Bitcoin’s Current Market Position
Lastly, While the cryptocurrency’s price has shown volatility in recent days, reflecting investor caution ahead of the aforementioned economic events.
Analysts suggest that Bitcoin’s correlation with traditional financial indicators underscores its growing integration into the broader economic landscape.
At the time of writing, Bitcoin is trading at approximately $94,450.38, reflecting a 0.38% increase in the past day, according to Coin Market Cap data. See BTC price chart below.