Bitcoin and Ethereum trading stalled Monday, but experts warn the calm may be brief. The entire market is focused on a wave of U.S. economic data this week that will influence the Federal Reserve’s decision on interest rates.
The key figures to watch are:
- Tuesday: Nonfarm Payroll revisions (expected between -450,000 and -950,000)
- Wednesday: Producer Price Index (PPI)
- Thursday: Consumer Price Index (CPI)
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A high inflation reading could spark a sell-off in risk assets like crypto. Meanwhile, data shows Ethereum may have a slight edge, with its open interest jumping $438 million overnight to $24.3 billion.
Analysts are also warning of a potential “powder keg for volatility” on September 17, when the Fed’s rate decision coincides with the expiration of key futures contracts.
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