Bitcoin
This Week’s 3 Major US Events to Watch for Crypto Market

Crypto markets are eyeing several US macroeconomic events this week that could influence Bitcoin’s price. In 2024, macro developments have regained their effect on crypto assets, marking a shift from 2023, when their impact had largely faded.
Bitcoin (BTC) remains below $60,000, a concerning price drop given the lower highs on the daily chart. The decline comes on the back of market sentiment shifting from fear to extreme fear.
US Macro Events This Week
Given this, investors are paying close attention to upcoming data releases and policy announcements that may impact market sentiment, potentially sparking volatility. With several events on the US economic calendar this week, three stand out as key triggers for potential price swings in Bitcoin and other cryptocurrencies.

Minutes of Fed’s July FOMC Meeting
The Federal Reserve (Fed) will release minutes from its July Federal Open Market Committee (FOMC) meeting on Wednesday, August 21. The release will provide insights into the Central Bank’s thinking regarding interest rates and monetary policy.
Any hints of a dovish or hawkish stance could cause waves in the financial markets, including cryptocurrencies. A dovish tone suggesting potential rate cuts could boost risk on assets like Bitcoin, while a more hawkish tone might lead to a sell-off.
10x Research data revealed a strong correlation between Bitcoin price and inflation trends as the influence of macroeconomics on crypto resumes. As BeInCrypto reported, the Fed kept interest rates steady at 5.25% to 5.50%, aligning with market expectations.
Read more: How to Protect Yourself From Inflation Using Cryptocurrency
After last week’s US CPI (Consumer Price Index) inflation data, traders have fully priced in a 25-basis-point rate cut in September. They also anticipate a 24.5% chance of 50 basis points (bps) move, with futures pointing to over 90 bps worth of easing by the end of 2024.
Initial Jobs Claims
Crypto markets also look forward to Thursday’s weekly report on initial jobless claims. The US Bureau of Labor Statistics (BLS) will use this data to offer a snapshot of the labor market’s health and could influence investor sentiment.
A lower-than-expected number of jobless claims may indicate a strong economy, potentially driving investors towards riskier assets like cryptocurrencies. Conversely, more claims could spark concerns about a slowing economy, leading to a flight to safety and possible declines in Bitcoin and crypto prices.
In hindsight, both crypto and broader financial markets faced a turbulent start to the month, largely due to weaker-than-expected US economic data, especially a disappointing July jobs report. This triggered significant market volatility, driven by growing concerns over a potential recession.
Notably, these concerns have begun to ease, as seen by traditional safe-haven assets like the Japanese yen giving up some of their early August gains. If the economic data released on Thursday, August 22, falls below expectations, Bitcoin could benefit as investors shift back to risk-on assets.
Jerome Powell’s Speech at the Jackson Hole Retreat
Traders and investors also anticipate Fed chair Jerome Powell’s Friday speech at the annual Jackson Hole Economic Policy. Markets will be laser-focused on what Powell has to say in retreat.
The title of remarks from last year’s Jackson Hole economic symposium was ‘Inflation: Progress and the Path Ahead.’ Then, he said policymakers are prepared to hold rates at restrictive levels until they are confident inflation is moving sustainably down to 2%.
Like in 2023, the Friday event will interest traders and investors. Powell will either endorse or push back market pricing as policymakers commit to deciding the next rate move based on data.
Therefore, Powell’s comments on the state of the economy, inflation, and monetary policy could set the tone for market expectations. Traders will be listening closely for any clues about future interest rate decisions, which could influence the direction of Bitcoin and cryptocurrency prices.
Bitcoin Price Outlook Ahead Of US Macro Events
Bitcoin is consolidating within a symmetric triangle. This means the next directional bias will only be revealed after the price breaks out from this technical formation. Based on the Relative Strength Index (RSI) outlook, which measures momentum, BTC could continue range bound for the short term. This is as the RSI remains below 50, suggesting a lack of conviction among the bulls.
The volume profiles reinforce the same supposition, with the bullish and bearish spikes (orange and grey, respectively) showing leeriness from both sides. Similarly, the Awesome Oscillator (AO) position in negative territory with red histogram bars accentuates this thesis.
A break and close below the lower trendline on the daily timeframe could see Bitcoin foray into the demand zone. This would provide late bulls and sidelined traders with another buying opportunity between $53,485 and $57,050.
Nevertheless, if such a move happens and BTC closes below the $53,313 midline, the downside potential could extrapolate Bitcoin’s ability to collect the sell-side liquidity.
Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030

Conversely, a break and close above the upper trendline could encourage more buy orders. Based on the orange spikes of the volume profile, several bulls await to interact with BTC prices above $63,000. Buying pressure above this level could invigorate the upside potential.
Nevertheless, only a decisive candlestick close above $67,000, the midline of the supply zone, would confirm the continuation of the uptrend.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm


The Bitcoin price seemed to be breaking out of its consolidation range early on in the week, rising to as high as $88,500 on Monday, March 24. However, the flagship cryptocurrency appears to be back to ground zero, retracing to around $84,000 on Friday, March 28.
This recent price correction came following the release of inflation data in the United States. With the latest inflation data suggesting delayed rate cuts by the US Federal Reserve, risk assets — including cryptocurrencies — experienced significant downward pressure to close the week.
Here’s How BTC Price Could Fall To $62,000
The story gets a little grim for the world’s largest cryptocurrency after popular crypto analyst Crypto Capo put forward a bearish projection for the Bitcoin price in their latest post on the X platform. According to the crypto trader, the price of BTC could be on its way to a new low in this cycle.
Crypto Capo highlighted in their analysis of the BTC 12-hour chart that the $84,000 – $85,000 is pivotal for the premier cryptocurrency’s future trajectory. The online pundit noted that the Bitcoin price action could go one of two ways over the next few weeks.
In the first scenario, Crypto Capo expects the price of Bitcoin to enjoy a short-lived bullish burst to within the $95,000 – $100,000 range. This initial price run-up would be a bull trap for investors, according to the analyst. For context, a bull trap is a pattern that lures long traders (bulls) into the market by an initial upward surge followed by a quick reversal.
Fittingly, Crypto Capo predicts that Bitcoin will experience a capitulation event that will see its value plummet to the next main support. As seen in the chart below, this next major support lies within the $62,000 – $69,000 bracket, containing the April and November all-time high prices.
Source: @CryptoCapo_ on X
In the alternate scenario, Crypto Capo highlighted how the first bull trap idea could be invalidated. According to the trader, if the Bitcoin price successfully closes beneath the $84,000 – $85,000 range, it could fall to the $62,000 – $69,000 bracket.
Bitcoin Price At A Glance
As of this writing, the price of Bitcoin is moving around the $83,300 level, reflecting a 3% decline in the past 24 hours. This single correction event has wiped out the premier coin’s early-week profit, with CoinGecko data showing no significant gain or loss in the last seven days.
The price of BTC slides beneath $84,000 on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image created by DALL-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin
El Salvador’s Nayib Bukele Open to White House Visit

El Salvador’s President Nayib Bukele has hinted at an upcoming visit to US President Donald Trump at the White House. The move has fueled speculation about closer cooperation between the two pro-Bitcoin leaders.
Although no official agenda has been released, if confirmed, the meeting would mark Bukele as the first Western Hemisphere leader to visit Trump at the White House during his current term.
Can Bitcoin Improve Diplomatic Relationship Between US and El Salvador?
On March 28, Bukele reacted to a report claiming that Trump plans to invite him to Washington.
Responding on social media, Bukele confirmed his willingness to visit and jokingly noted that he would bring “several cans of Diet Coke” — a nod to Trump’s well-known beverage of choice.
The two leaders have enjoyed a friendly relationship since Trump’s return to office. They reportedly spoke after the inauguration, and Trump later thanked Bukele publicly, commending his “understanding of this horrible situation” regarding US border issues.
Meanwhile, the possible visit follows El Salvador’s acceptance of deported Venezuelan gang members from the US.
These individuals were held at the country’s high-security Terrorism Confinement Center. The facility was recently visited by US Homeland Secretary Kristi Noem.
President Bukele’s administration has earned international praise — and criticism — for its tough stance on crime. His crackdown on gangs has transformed El Salvador from one of the most violent nations in the world to one of the safest in Latin America.
Meanwhile, speculation is growing within the crypto community that Bitcoin may emerge as a significant topic during the leaders’ discussions. Both Bukele and Trump have openly supported Bitcoin, though their approaches differ slightly.
Bukele’s stance on Bitcoin is notably proactive. In 2021, he spearheaded the creation of the world’s first national Bitcoin reserve, which has since grown to 6,130.18 BTC—worth over $512 million.

Moreover, his pro-Bitcoin initiatives have attracted substantial foreign investments, including partnerships with prominent crypto companies like Tether.
President Trump also recently became more supportive of the top crypto asset, reversing previous skepticism.
Earlier this month, Trump authorized the establishment of a US National Bitcoin Reserve, with the federal government holding initial holdings of around 200,000 BTC.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Is Bitcoin About To Skyrocket Or Crash? What Truflation Says


In the March 27, 2025 analysis, titled “Where is Bitcoin headed next? A Signal hidden in Real-Time Data,” Truflation highlights a recurring phenomenon: each time its inflation index experiences a pronounced downtrend that later pauses or reverses, Bitcoin has tended to surge soon afterward.
Where Is Bitcoin Headed Next?
Truflation’s research points to a backdrop shaped by the aftermath of COVID-19, when central banks worldwide slashed interest rates to almost zero and funneled liquidity into the economy. That period of easy money overlapped with Bitcoin’s run to all-time highs in 2021. By 2022 and 2023, however, persistent inflation took hold, prompting the US Federal Reserve to reverse course. Interest rate hikes and quantitative tightening became the primary tools for fighting price pressures, with the Federal Reserve explicitly aiming to bring consumer price inflation down to 2%.
According to the Truflation report, real-time inflation readings reached as low as 2% in June 2023. The official Consumer Price Index (CPI), published by the Bureau of Labor Statistics, mirrored that pattern about a month and a half later, bottoming out at 3% in July 2023. Yet from mid-2023 onward, Truflation’s index did not simply keep dropping in a straight line. Instead, it oscillated between higher and lower bounds, demonstrating a cyclical pattern of disinflation that would then stabilize or reverse course. Truflation now believes that each of these cyclical “inflection points” closely correlates with subsequent upswings in Bitcoin’s price.
The report references four distinct periods from September 2023 to September 2024 when Truflation’s index trended downward and then either flattened or rebounded. In each of those cases, Bitcoin’s price rose soon after. Truflation suggests that a fifth such event may now be unfolding: the inflation index dropped steeply in early 2025, hitting around 1.30%—a level not seen in several months—before rebounding to 1.80%. This situation is reminiscent of previous disinflation troughs that, based on Truflation’s data, presaged a new wave of Bitcoin buying.
“When Truflation’s disinflation trend pauses or reverses, Bitcoin tends to rally shortly after. This pattern has repeated a few times already — and if history rhymes, it may be unfolding once again soon,’” the analysis states.
The underlying reason, Truflation explains, revolves around Bitcoin’s forward-looking nature and its sensitivity to changes in liquidity conditions. Strong disinflation usually prompts speculation that the Federal Reserve may be done raising rates and could soon turn dovish. While steep and unrelenting disinflation can trigger fears of recession, a slowdown or pause in that disinflation trend often reassures markets that the economy is not sliding into an economic downturn.
This “soft landing” scenario emboldens risk-on sentiment. Traders and investors who believe that inflation has been subdued enough to delay additional tightening—or to accelerate rate cuts—frequently channel their optimism into assets like Bitcoin.
The report acknowledges that no single piece of data, including Truflation’s own, holds absolute sway over an asset as complex and widely traded as Bitcoin. However, it emphasizes that real-time inflation expectations reverberate throughout global markets, influencing equities, commodities, and foreign exchange trading, in addition to crypto. By anticipating shifts in those expectations, some investors may find themselves ahead of the curve when official CPI reports and central bank pronouncements finally confirm or contradict the evolving trend.
“Truflation doesn’t influence Bitcoin in a vacuum. No single data source ever does. But inflation expectations ripple across a wide range of markets — from equities to commodities — and especially into bond yields and forex markets,” the analysis concludes.
At press time, BTC traded at $84,461.

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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