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Author: Admin | 2025-04-28
A positive GDP revision could signal a strong and growing economy. This would prompt investors to allocate more capital towards riskier assets such as Bitcoin and cryptocurrencies. Conversely, a downward revision may lead to a shift in investor sentiment, resulting in a temporary decline in crypto prices.Initial Jobless ClaimsCrypto markets will also be keen on the initial jobless claims report on Thursday, which will provide insight into the health of the US labor market. Notably, the number of Americans filing new applications for unemployment benefits recently ticked up. However, it appeared to be steadying near a level consistent with a gradual cooling of the labor market. This is what set the stage for the Fed’s openness to rate cuts.The previous data came in at 223,000, with a current middle projection of 225,000. A higher-than-expected number of jobless claims could indicate economic instability and uncertainty. In turn, this would lead investors to seek alternative assets like Bitcoin as a form of hedging against traditional markets.On the other hand, a decrease in jobless claims could boost investor confidence in traditional markets, potentially diverting funds away from cryptocurrencies. Fed officials are also keen on the labor market, cognizant of the risks that come with waiting too long to cut rates.Personal Income and PCE Index The US Bureau of Economic Analysis (BEA) will release the personal income, spending, PCE index, and core PCE on Friday. Weaker personal income and spending, coupled with softer inflation figures, could signal a slowdown in economic activity. In response
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