This week’s scheduled macroeconomic events could have a big impact on how the cryptocurrency market moves.
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U.S. CPI (Consumer Price Index): March 11.
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U.S. Jobless Claims: March 12.
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Job Openings in Core PCE and JOLTS: March 13.
Market implications
Analysts at QCP claim that stress indicators have already started to appear in the larger macro environment. Recently rising tensions with Iran caused oil prices to surpass $115, which led to a discernible risk-off sentiment on international markets. Concerns about inflation are being raised once more by rising energy costs, which is causing uncertainty for both conventional assets and cryptocurrencies.
The market’s responses in recent sessions have been inconsistent. As concerns…
