joli-table-of-contents domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121
Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the astra domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121
Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/news/wp-includes/functions.php:6121) in /var/www/html/news/wp-includes/rest-api/class-wp-rest-server.php on line 1896
{"id":22930,"date":"2024-04-01T10:13:56","date_gmt":"2024-04-01T10:13:56","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=22930"},"modified":"2024-04-01T10:14:01","modified_gmt":"2024-04-01T10:14:01","slug":"will-upcoming-us-economic-data-boost-bitcoin-discover-now","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/will-upcoming-us-economic-data-boost-bitcoin-discover-now\/","title":{"rendered":"Will Upcoming US Economic Data Boost Bitcoin? Discover Now!"},"content":{"rendered":"\nAs the curtain rises on the second quarter of 2024, the US economic landscape is brimming with anticipation. Key economic data scheduled for release this week, including pivotal job reports and a series of Federal Reserve speeches, casts a spotlight on the potential trajectory of cryptocurrency markets. Martin Young’s analysis, published on April 1, 2024, scrutinizes the intricate dance between impending US economic events and the cryptosphere’s response, particularly focusing on Bitcoin’s reaction as it flirts with resistance levels near its zenith.<\/p>\n\n\n\n
The week’s economic agenda is packed, starting with the ISM Manufacturing PMI on Monday, reflecting the health of the manufacturing sector. This indicator, though not directly tied to cryptocurrency, sets the tone for market sentiment. Midweek, the ISM Services PMI report will shed light on the services sector, a heavyweight in GDP contributions. The crescendo builds towards Friday, with job market reports that illuminate the employment landscape’s vitality.<\/p>\n\n\n\n
Amidst these releases, the crypto community hangs on the words of Fed Chair Jerome Powell, whose Wednesday speech could provide crucial hints about future rate policies. With sixteen Fed addresses scattered throughout the week, investors remain on edge for any policy shifts, especially in the wake of the central bank’s decision to maintain interest rates at 5.5% on March 20\u2014a move that rocked the markets despite its predictability.<\/p>\n\n\n\n