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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-investors-monitor-key-us-economic-events/" data-wpel-link="internal">Crypto Investors Monitor Key US Economic Events</a><br></p>
<p class="p1" style="text-align: justify">Crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are closely monitoring key events in the US economic calendar this week. Bitcoin maintains a price band above $64,000, and these events could trigger significant market volatilities. Largely driven by individual investors, the <a href="https://en.coin-turk.com/binance-announces-suspension-of-nigerian-naira-services/" data-wpel-link="internal">crypto market</a> remains sensitive to economic pressures and regulatory uncertainties. With these factors at play, investors continue to watch how the week unfolds.</p> 
<h2 class="p1" style="text-align: justify" id="macroeconomic-data-and-bitcoin">Macroeconomic Data and Bitcoin</h2> 
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> aims for more gains, supported by the Federal Reserve’s recent moderate tone. This week’s US economic events could significantly affect individual investor sentiment and potentially set the stage for the next price movement in crypto markets. Several key items on the economic calendar have the potential to impact Bitcoin and broader crypto prices, making it critical for investors to monitor them. The Conference Board is set to release the US Consumer Confidence Index on Tuesday, August 27, the last Tuesday of the month. This index reflects consumer attitudes, purchasing plans, and holiday intentions, offering insights into spending trends.</p> 
<p class="p1" style="text-align: justify">High consumer confidence is usually associated with increased spending, potentially stimulating economic activity. Such optimism could lead to more investments in assets like Bitcoin. Conversely, low consumer confidence signals reduced spending, encouraging the Federal Reserve to take a moderate stance, leading to more liquidity in the financial system.</p> 
<p class="p1" style="text-align: justify">In this scenario, investors may benefit as they turn to <strong>Bitcoin</strong> as an alternative store of value and inflation hedge. Given this backdrop, Tuesday’s <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> will be crucial for crypto markets, providing a snapshot of consumer sentiment related to the economy. The current forecast stands at a slight increase from 100.3 to 100.5.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-383182 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/usa.png" alt="" width="2324" height="550"></p> 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
<p class="p1" style="text-align: justify">Crypto markets are also closely watching Thursday’s initial jobless claims report, which will provide new insights into the health of the US labor market. Recently, the number of Americans filing new jobless claims has slightly increased, signaling a gradual cooling of the labor market; this is a factor encouraging the Fed’s cautious stance on rate cuts.</p> 
<p class="p1" style="text-align: justify">The last reported figure was 232,000, and the median projection for the upcoming data was 234,000. According to the Department of Labor, initial jobless claims rose by 4,000 to a seasonally adjusted 232,000 for the week ending August 17, while economists had expected 230,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-investors-monitor-key-us-economic-events/" data-wpel-link="internal">Crypto Investors Monitor Key US Economic Events</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-investors-monitor-key-us-economic-events/" data-wpel-link="internal">Crypto Investors Monitor Key US Economic Events</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Investors Monitor Key US Economic Events

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