Crypto markets reacted negatively to last week\u2019s big announcements from the White House regarding the strategic Bitcoin reserve.<\/p>\n
Not even Trump\u2019s advice<\/a> to \u201cnever sell your Bitcoin\u201d at Friday\u2019s crypto summit was enough to boost the asset back over $90,000, and it has weakened<\/a> over the weekend.<\/p>\n Markets will have key inflation reports to digest this week, and hotter-than-expected figures could rattle risk on assets such as stocks and crypto.<\/p>\n Wednesday will see the release of February\u2019s Core CPI data. The Consumer Price Index is one of the two key inflation indicators as it reflects price trends in the economy, shapes consumer spending, and directly affects the Fed\u2019s policy rate decisions.<\/p>\n Bitcoin\u00a0prices fell<\/a> following higher-than-expected CPI figures in February, so history could repeat itself if the figures are not favorable.<\/p>\n \u201cA hot CPI print will likely scare the market,\u201d Bryant VanCronkhite, senior portfolio manager at Allspring Global Investments, told<\/a> Reuters. \u201cThe market still wants the Fed to come to the rescue\u2026 Until inflation and inflation expectations come down, the Fed is handcuffed,\u201d he added.<\/p>\n The reports are followed by February\u2019s PPI (Producer Price Index) report on Thursday, which reflects input prices for producers and manufacturers. This data measures the costs of producing consumer goods, which directly affects retail pricing and is also viewed as a signal of inflationary pressures.<\/p>\n US inflation has increased<\/a> every month since September and hit 3% last month, and the trend is likely to continue with CPI for February expected to have climbed 0.3%, according to a Reuters poll.<\/p>\n The inflation reports will be among the last key pieces of data before the Federal Reserve next meets on March 18 and 19, when it is expected to hold its benchmark rate steady at 4.25% to 4.5%<\/p>\n Key Events This Week:<\/p>\n 1. January JOLTS Job Openings data \u2013 Tuesday<\/p>\n 2. EIA Short-Term Energy Outlook \u2013 Tuesday<\/p>\n 3. February CPI Inflation data \u2013 Wednesday<\/p>\n 4. Initial Jobless Claims data \u2013 Thursday<\/p>\n 5. February PPI Inflation data \u2013 Thursday<\/p>\n 6. MI Consumer Sentiment data -\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) March 9, 2025<\/a><\/p>\n\n A preliminary consumer sentiment analysis is due on Friday, offering further insight into consumer inflation expectations.<\/p>\n This week, job openings and jobless claims reports will also be released, offering insight into changing labor market trends.<\/p>\n Crypto markets continue to weaken with total capitalization tanking 6.5% on the day in a fall to $2.8 trillion.<\/p>\n Bitcoin has slumped 4.5% in a fall to just over $80,000 in early trading in Asia on Monday morning. The asset made a slight recovery to reclaim $82,000 at the time of writing, however, it remains down more than 11% since this time last week.<\/p>\n Ethereum has fared worse as usual, tanking 6% to a 16-month low of $2,000 on March 10 and it hasn\u2019t shown signs of recovery.<\/p>\n The altcoins were bleeding with larger losses for Solana, Cardano, Dogecoin, Pi Network, Chainlink, and Hedera.<\/p>\n The post 4 Things That Could Impact Bitcoin\u2019s Price This Week<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto markets reacted negatively to last week\u2019s big announcements from the White House regarding the strategic Bitcoin reserve. Not even Trump\u2019s advice to \u201cnever sell your Bitcoin\u201d at Friday\u2019s crypto summit was enough to boost the asset back over $90,000, and it has weakened over the weekend. Markets will have key inflation reports to digest […]<\/p>\n","protected":false},"author":0,"featured_media":50856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50855"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50855"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50856"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Economic Events March 10 to 14<\/h2>\n
Crypto Market Outlook<\/h2>\n