How They Impact Bitcoin Prices
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As July ends, traders and investors will keep an eye on August. They will watch several US economic signals that could influence their portfolios. This week’s US economic signals are particularly important with Bitcoin (BTC) eyeing the $120,000 threshold. US Economic Indicators That Could Impact Bitcoin This Week The crypto market is up today, with Bitcoin leading the charge as it closes in on $120,000. However, whether this optimism is sustainable depends on how this week’s US economic signals unfold. US Economic Signals this week. Source: MarketWatch Consumer Confidence The consumer confidence report is starting this week’s US economic signals, which are due on Tuesday. The Conference Board’s Consumer Confidence Index plummeted to 93.0 in June 2025, a 5.0-point drop from May (98.0). According to data on MarketWatch, the median forecast is 96.0, suggesting economists are more optimistic for July. However, consumers express growing concerns amid Trump’s tariffs. “Consumers are unlikely to regain their confidence in the economy unless they feel assured that inflation is unlikely to worsen, for example if trade policy stabilizes for the foreseeable future,” Reuters reported, citing Joanne Hsu, the director of the Surveys of Consumers. This erosion of confidence suggests a reduced risk appetite. Pessimistic consumers are less likely to invest in speculative assets like Bitcoin, favoring safer options like bonds or cash. If the July consumer confidence rises above expectations, it could bolster risk appetite, potentially boosting crypto. Jobs Reports US labor data is one of Bitcoin’s most significant macro factors in 2025. This week’s US economic signals will feature several jobs reports, positioning Bitcoin for volatility. The Job Openings and Labor Turnover Survey (JOLTS) report and Job Openings are due on Tuesday and will be released by the US Bureau of Labor Statistics (BLS). JOLTS The June JOLTS report, due on Tuesday, is…
Filed under: News - @ July 28, 2025 9:27 am