Bitcoin (BTC) News: Key US Economic Events Shaping Market Sentiment
With the ongoing slump in Bitcoin (BTC) and the broader crypto market, traders should prepare for potential price swings this week, driven by key US economic updates.
Bitcoin is hovering around $54,000, with experts predicting more downward movement. Historically, September is the worst-performing month for BTC, but there's hope for a rebound in October.
Key US Economic Events to Watch This Week
Risk-on assets like Bitcoin have started the week quietly. The largest cryptocurrency is currently trading at $54,800, reflecting a modest 0.7% rise in the last 24 hours.
However, upcoming US macroeconomic events and the anticipated debate between Donald Trump and Kamala Harris could impact traders' sentiment and drive shifts in portfolios. Let’s take a closer look at how these events might shape the markets.
Donald Trump Debate Against Kamala Harris
As BeInCrypto previously noted, the upcoming presidential debate between Donald Trump and Kamala Harris has put crypto in the spotlight. Both candidates have made the topic central to their campaigns. Harris appears to be warming up to pro-crypto policies, according to recent reports.
Trump, meanwhile, has made bullish comments about Bitcoin and the broader crypto market, winning favor among industry insiders. Pennsylvania Senator John Fetterman predicts a shift towards favoring cryptocurrencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.