Market
Why US Economic Events This Week Matter for Bitcoin Prices

Cryptocurrency traders and investors are closely monitoring key events on this week’s US economic calendar. As Bitcoin (BTC) maintains a price above $64,000, these events could trigger significant market fluctuations.
The crypto market, largely driven by retail investors, remains susceptible to economic pressures and regulatory uncertainties. With these factors at play, traders are eager to see how the week unfolds.
Key US Economic Events This Week
Bitcoin is eyeing further gains, supported by the Federal Reserve’s recent dovish tone. This week’s US economic events could heavily influence retail sentiment, potentially setting the stage for the next price movement in crypto markets. Several key items on the economic calendar hold the potential to impact Bitcoin and broader crypto prices, making them critical for traders to watch.
Consumer Confidence Index
The Conference Board is set to release the US Consumer Confidence Index on August 27, the last Tuesday of the month. This index offers insights into spending trends by reflecting consumer attitudes, buying plans, and vacation intentions.
High consumer confidence typically correlates with increased spending, potentially boosting economic activity. Such optimism might lead to greater investments in assets like Bitcoin. On the flip side, low consumer confidence, signaling reduced spending, could prompt the Federal Reserve to maintain a dovish stance, leading to more liquidity in the financial system.
In this scenario, Bitcoin could benefit as investors turn to it as an alternative store of value and inflation hedge. Given this backdrop, Tuesday’s data will be pivotal for crypto markets, offering a snapshot of consumer sentiment regarding the economy. The current forecast stands at 100.5, a slight increase from 100.3.
Read more: How to Protect Yourself From Inflation Using Cryptocurrency
Initial Jobless Claims
Crypto markets are also closely watching Thursday’s initial jobless claims report, which will offer fresh insights into the US labor market’s health. Recently, the number of Americans filing new unemployment claims has edged higher, signaling a gradual cooling of the labor market — a factor that has encouraged the Fed’s cautious stance on rate cuts.
The last reported figure was 232,000, with a middle projection of 234,000 for the upcoming data. According to the Labor Department, initial jobless claims increased by 4,000 to a seasonally adjusted 232,000 for the week ending August 17, while economists expected 230,000.
A higher-than-anticipated rise in jobless claims could point to economic instability, driving investors toward Bitcoin as a hedge against traditional markets. Conversely, a drop in claims may boost confidence in traditional assets, potentially diverting capital away from cryptocurrencies. With the Fed closely monitoring labor conditions, these numbers will be key for both traditional and crypto investors alike.
GDP
This week’s second revision of Gross Domestic Product (GDP) data, scheduled for Thursday, is a critical release for the markets. GDP measures the overall economic output and health of a country by calculating the total value of goods and services produced.
A positive revision would signal robust economic growth, potentially driving investors to riskier assets like Bitcoin and other cryptocurrencies. On the other hand, a downward adjustment could dampen sentiment, leading to a pullback in crypto prices as investors grow cautious.
In the previous report, GDP grew at an annualized rate of 2.8% in Q2, surpassing the 1.4% pace recorded in Q1. This steady growth has helped ease recession fears, suggesting resilience in the broader economy. If confirmed by Thursday’s data, investor optimism could spill over into the crypto market, reinforcing Bitcoin’s appeal as a high-reward asset.
Personal Income and PCE Index
The US Bureau of Economic Analysis (BEA) is set to release personal income, spending, the PCE index, and core PCE data on Friday. These figures will provide crucial insights into inflation and consumer behavior, directly influencing the Federal Reserve’s next moves.
Weaker personal income and spending data, paired with softer inflation, could pave the way for a 50-basis-point rate cut in September. Such a dovish approach from the Fed could boost demand for riskier assets like Bitcoin. However, if spending power drops sharply, recession fears might resurface, potentially dampening Bitcoin demand.
The Personal Consumption Expenditures (PCE) index, especially the core PCE excluding food and energy prices, will be a key inflation gauge. A higher-than-expected core PCE reading would indicate persistent inflationary pressures, leading investors to seek alternative assets like Bitcoin, which is often viewed as an inflation hedge. On the flip side, a lower core PCE index could reduce demand for cryptocurrencies as investors turn to more stable investments.
Consumer Sentiment
Markets also brace for the University of Michigan’s Consumer Sentiment survey release for August on Friday. This data shows the gap between the US economy’s continued strength and how households feel about their personal financial situation.
If the data shows consumers are still struggling with inflation and high interest rates while also worrying more about their jobs, crypto could react in different ways. Notably, consumer sentiment is much more sensitive to inflation, while consumer confidence is more sensitive to the labor market.
Read more: How To Buy Bitcoin (BTC) and Everything You Need To Know
Ultimately, the relationship between crypto and US macroeconomics is not always straightforward. The market reacts to data releases in unexpected ways determined by what transpires in the days leading to the data release date. It is worth mentioning that all of the above data will affect the S&P500 Index (SPX) and, therefore, also impact Bitcoin.
US Government Bitcoin Supply Overhang
The US government’s Bitcoin holdings remain a significant concern for the market. According to Arkham Intelligence, the government currently holds around 203,239 BTC. Any large transfer from this inventory could trigger fears of an oversupply, potentially driving Bitcoin’s price below the $60,000 mark.

According to BeInCrypto data, Bitcoin is currently trading at $64,067, reflecting a 0.23% dip since the market opened on Monday. Further developments this week could determine its next directional move.
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.
Market
3 Meme Coins to Watch For The Last Week of February 2025

DOGEai, TST, and BROCCOLI are three meme coins drawing attention for the last week of February. DOGEai, launched on Solana, is up 110% in the past seven days, positioning itself as a leading AI meme coin.
TST remains one of the most popular meme coins on the BNB chain despite a recent correction. At the same time, BROCCOLI, inspired by Binance co-founder CZ’s dog, has also seen significant volatility.
DOGEai (DOGEAI)
DOGEai is an artificial intelligence coin launched on Solana. Its market cap is now $32 million, up 82% in the last seven days. This rise has positioned DOGEai as one of the most talked-about AI meme coins in recent days.

DOGEai leverages multiple narratives, including Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the broader AI cryptos trend. It defines itself as “an autonomous AI agent here to uncover waste and inefficiencies in government spending and policy decisions,” offering bill summaries and insights into government expenditures.
If the current uptrend continues, DOGEai could test the resistance at $0.048, with potential targets at $0.059 and $0.069. However, if a downtrend emerges, DOGEai has support at $0.030, and if that level is lost, it could drop to $0.018 or even $0.0092.
Test (TST)
TST has emerged as one of the most popular meme coins on the BNB chain, benefiting from the chain’s growing volume, which recently even surpassed Solana.
In the days following its launch, TST reached a market cap close to $500 million, then entered a strong correction phase. Its market cap has since dropped to $78 million.

If the BNB narrative gains strength again, TST could benefit as one of its most popular meme coins and may test the resistance at $0.10. A breakout above this level could push TST to $0.20 or even $0.25 if buying pressure intensifies.
However, if TST fails to regain strong upward momentum, it could test the support at $0.0719 and potentially drop to its lowest levels since February 9.
CZ’S Dog (BROCCOLI)
BROCCOLI was launched a few weeks ago after Binance co-founder CZ revealed his dog’s name, sparking a flood of BROCCOLI tokens on the market.
The largest of these tokens quickly surged to a $249 million market cap in its early days but has since dropped to $52 million.
Like TST, BROCCOLI benefited from the recent rise of the BNB ecosystem but has since entered a strong correction phase. It is down 40% in the last seven days.

If the downtrend continues, BROCCOLI could test support near $0.04, and a break below this level could push it to its lowest price since launch.
However, if the BNB ecosystem and meme coins regain traction, BROCCOLI could benefit, especially given the popularity of dog-related meme coins like Dogecoin and Shiba Inu. In this bullish scenario, BROCCOLI could rise to test the resistance at $0.113.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum Rollback Debate Intensifies After Bybit Hack

The crypto community is divided over calls for an Ethereum blockchain rollback following a massive security breach at Bybit.
On February 21, the exchange lost nearly $1.5 billion in ETH to hackers, sparking discussions about whether Ethereum should intervene to recover the stolen funds.
What is a Blockchain Rollback?
A blockchain rollback, also known as a reorganization, involves reversing confirmed transactions to restore the network to an earlier state.
This process usually happens after a major security breach or exploit. Validators must reach a consensus to discard the affected blocks, effectively erasing the malicious transactions.
Despite its potential benefits, a rollback remains a controversial and rarely used measure due to its impact on a blockchain’s trust and decentralization.
Blockchains operate on the principle of immutability, meaning transactions are expected to be final once confirmed. So, rolling back transactions challenges this principle, raising concerns about the security and reliability of the network.
Crypto Leaders Clash Over Ethereum Rollback Proposal
BitMEX co-founder Arthur Hayes has been vocal in advocating for a rollback to solve the ByBit hack. He pointed to the 2016 DAO hack, where Ethereum underwent a hard fork to recover stolen funds, as precedent.
Hayes argued that since Ethereum previously compromised on immutability, another intervention should not be off the table.
“My own view as a mega ETH bag holder is ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016,” Hayes said.
JAN3 CEO Samson Mow also supported the rollback, stating it could prevent North Korea from using the stolen funds to fund its nuclear weapons program.
However, not everyone agrees. Pseudonymous crypto trader Borovik strongly opposed the idea, arguing that a rollback would jeopardize Ethereum’s credibility and neutrality.
Bitcoin advocate Jimmy Song also dismissed the possibility, stating that the Bybit hack cannot be compared to the 2016 DAO exploit. Song emphasized that the DAO hack allowed for a 30-day intervention, whereas the Bybit attack is already finalized, making a rollback impractical.
“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” Song added.
Meanwhile, Ethereum supporter Adriano Feria introduced an alternative perspective. He argued that Bybit could have avoided this situation by using a Layer 2 (L2) solution with conditional reversible transactions.
According to Feria, blockchain technology needs some form of reversibility to ensure real-world adoption.
“Whether through social recovery or another pre-determined, immutable, and transparent decision-making process, real-world mass adoption will not work without reversible transactions. Without this capability, transactional activity will inevitably gravitate toward TradFi systems that already provide it,” Feria stated.
This debate raises a fundamental question for Ethereum: should it prioritize immutability or intervene in extreme cases?
While some see a rollback as a necessary response to an unprecedented loss, others fear it could undermine the core principles of decentralization. Ethereum’s next steps will likely shape its long-term credibility and trust within the crypto space.
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.
Market
Berachain (BERA) Falls 15% After Recent Rally Surge

Berachain (BERA) is down almost 15% in the last 24 hours, with its market cap now at $778 million, although its price remains up nearly 20% over the past seven days. This sharp pullback comes after a strong rally between February 18 and February 20, when BERA reached levels above $8.5.
BERA’s Relative Strength Index (RSI) has dropped from overbought levels, signaling a loss of bullish momentum, while its Directional Movement Index (DMI) shows growing bearish pressure. As BERA navigates this correction phase, it faces key support at $6.1, with potential resistance levels at $8.5, $9.1, and $10 if bullish momentum returns.
BERA RSI Is Dropping Steadily After Touching Overbought Levels
Berachain Relative Strength Index (RSI) is currently at 50.6, down sharply from 86.7 just two days ago when its price surged above $8.5. RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.
It is commonly used to identify overbought or oversold conditions, with values above 70 indicating overbought levels and below 30 suggesting oversold territory.
The steep decline in BERA’s RSI reflects a significant loss of bullish momentum after reaching overbought levels above 86, where a correction was likely.

With RSI now at 50.6, BERA is in a neutral zone, suggesting that buying and selling pressures are relatively balanced.
This could indicate a period of consolidation as the market digests recent gains. If RSI continues to decline below 50, it could signal increasing bearish momentum. This could lead to a further price drop for BERA.
Conversely, if RSI stabilizes and begins to rise, it could suggest renewed buying interest and a potential recovery in Berachain price.
BERA DMI Chart Shows Buyers Are Losing Control
Berachain Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) currently at 50.5, after peaking at 60.2 yesterday, up from just 13.3 five days ago. ADX is an indicator used to measure the strength of a trend, regardless of its direction, ranging from 0 to 100.
Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or sideways market. The sharp rise in ADX reflects a significant increase in trend strength, confirming that BERA has been experiencing strong directional movement recently.

Meanwhile, BERA’s +DI is at 24.4, down from 48.4 two days ago, indicating weakening bullish momentum. Meanwhile, -DI has risen to 15.1 from 4.9, suggesting growing bearish pressure.
This shift signals that the bullish trend that drove prices higher is losing steam, and selling interest is beginning to increase.
If -DI continues to rise above +DI, it could indicate a bearish crossover, signaling a potential reversal or deeper correction in BERA’s price. However, if +DI stabilizes and moves upward again, it could suggest a continuation of the uptrend, albeit with reduced momentum.
Will Berachain Fall Below $6 Soon?
Berachain surged 53% between February 18 and February 20, pushing its price above $8.5 after the coin struggled following its airdrop. However, after this sharp rally, BERA entered a correction phase and is currently down almost 15% in the last 24 hours.
This pullback suggests profit-taking and a shift in market sentiment as buyers hesitate to push prices higher. If the downtrend continues, BERA could soon test the support at $6.1, and a break below this level could lead to a further decline towards $5.48, reflecting increased selling pressure.

On the other hand, if Berachain can regain its bullish momentum from a few days ago, it could rise above $8.5 again, potentially testing the next resistance levels at $9.1 or even $10.
To confirm this bullish scenario, Berachain would need to see renewed buying interest and strong upward momentum. If buyers can defend key support levels and push the price above resistance zones, it could indicate the continuation of the uptrend.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Altcoin18 hours ago
BTC, ETH Drop As $566M Liquidated Amid Bybit Hack
-
Market17 hours ago
FTX Survey Shows Crypto ReInvestment and Possible Bias
-
Market21 hours ago
SEC Ends OpenSea Investigation, No NFT Securities Action
-
Altcoin21 hours ago
Analyst Identifies Key Support For Cardano Price Bullish Momentum
-
Market20 hours ago
Solana Price Shows Recovery Signs as Bearish Pressure Eases
-
Market19 hours ago
Onyxcoin (XCN) Technical Indicators Hint at Major Breakout
-
Market18 hours ago
Top AI Coins From This Week: IP, CLANKER, $DOGEAI
-
Ethereum15 hours ago
Grayscale’s Ethereum ETF On The Brink Of Major Change With NYSE’s Staking Proposal