This week shapes up to be critical for crypto markets, with several major economic releases set to drive volatility. The US CPI report landing on January 13 will be closely watched – if inflation continues cooling, we could see Bitcoin rally toward $95K or beyond. The following day brings PPI data on January 14, and hotter-than-expected producer prices might trigger selling pressure and shake confidence in risk assets. Meanwhile, Q4 earnings season from major financial institutions adds another layer of unpredictability; strong bank earnings could shift sentiment toward risk-on positioning and support broader market recovery. Traders are essentially sitting on the edge, watching these macro triggers unfold. The direction of Bitcoin and altcoins over the next few days hinges on how these data points land and how institutions respond to the earnings narrative.
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This week shapes up to be critical for crypto markets, with several major economic releases set to drive volatility. The US CPI report landing on January 13 will be closely watched – if inflation continues cooling, we could see Bitcoin rally toward $95K or beyond. The following day brings PPI data on January 14, and hotter-than-expected producer prices might trigger selling pressure and shake confidence in risk assets. Meanwhile, Q4 earnings season from major financial institutions adds another layer of unpredictability; strong bank earnings could shift sentiment toward risk-on positioning and support broader market recovery. Traders are essentially sitting on the edge, watching these macro triggers unfold. The direction of Bitcoin and altcoins over the next few days hinges on how these data points land and how institutions respond to the earnings narrative.