Get Ready for a High-Stakes Economic Week in the US: What You Need to Know About Key Reports and Bitcoin's Surge!

EddieJayonCrypto

 2 Jan 24

tl;dr

This week in the United States, investors are focusing on the release of key economic reports and Federal Reserve meeting minutes. The release of the ISM Manufacturing PMI report on January 3 and the Federal Open Market Committee meeting minutes on the same day will provide insight into the country'...

This week in the United States, investors are focusing on the release of key economic reports and Federal Reserve meeting minutes. The release of the ISM Manufacturing PMI report on January 3 and the Federal Open Market Committee meeting minutes on the same day will provide insight into the country's economic conditions and future policy. Additionally, the release of the ISM Services PMI report on January 5 and the US Bureau of Labor Statistics' payrolls and unemployment reports on Friday will offer further indicators of the US economy's recovery. In the cryptocurrency market, Bitcoin is leading gains with a 7.5% price surge, reaching its highest trading level since March 2022. Ethereum and several altcoins are also experiencing gains, with total market capitalization reaching its highest level in 20 months.

Following Monday’s New Year’s Day holiday, the wheels of finance and economy start spinning again in the United States. A short week on the economic calendar will see the minutes of the Federal Reserve’s December meeting published, which could impact Bitcoin’s price. Macroeconomics outlet The Kobeissi Letter listed the key economic events for the United States for the week beginning January 2 following the New Year’s Day holiday.

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