1 important economic event in the coming week (September 1)

Bitcoin faced severe resistance after reaching $ 6,000 and declined. But this week, the release of three key economic reports in the United States may change the bitcoin trend:

1. Jerome Paul’s speech: The Federal Reserve President will give a speech on Tuesday. After the recent interest rate drop, market participants are waiting for Powell to hear. If he continues to emphasize restrictive policies, the crypto market may be under pressure. But if there are signs of supportive policies, Bitcoin can grow again.

2. Report of Unemployment Insurance: The report, which is published every Thursday, reflects the status of the job market. If the figure is greater than predictions, it could exacerbate concerns about economic weakness and make the Federal Reserve think of lower interest rates, which will benefit the crypto market.

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1. Consumer Costs Index (PCE): The index, which is the most important criterion of American inflation, will be released on Friday and the Federal Reserve is fiercely followed.

If this index indicates an increase in inflation, the Federal Reserve will avoid further interest rates to prevent inflation, which can put pressure on risky markets.