4 major economic events in America that help Bitcoin reach 110,000 dollars this week?

Many important economic events in America will take place this week, which could become either a barrier or a driving force for Bitcoin prices to approach the 110,000 USD mark.

In 2025, economic signals from America will continue to play a key role in the cryptocurrency market, with investor sentiment becoming a determining factor for short-term price fluctuations.

Outstanding economic signals from America this week

Amid expectations for an agreement to end the prolonged government shutdown, Bitcoin has demonstrated outstanding strength by surpassing the 106,000 USD threshold. However, the next growth trend or correction will depend on the prominent events below.

Economic events in America this week | Source: MarketWatch### Speeches by the Federal Reserve of America (Fed)

This week, many senior leaders of the Fed are expected to speak, including Governor Michael Barr on Tuesday, President of the New York Fed John Williams, President of the Philadelphia Fed Anna Paulson, Governor Chris Waller, President of the Atlanta Fed Raphael Bostic, Governor Stephen Miran, and President of the Boston Fed Susan Collins on Wednesday.

The views shared by Fed leaders will have a direct impact on investor sentiment, thereby affecting the price trend of Bitcoin.

Notably, Fed Chairman Jerome Powell recently signaled the expansion of the balance sheet, preparing for a new phase of quantitative easing (QE). He emphasized: “Our long-term plan is to stop the balance sheet reduction when reserves are higher than what we consider appropriate for ample reserve conditions. Clear signs indicate that we have reached that standard in the money market.”

This information has stimulated expectations for new capital inflows into the cryptocurrency market, even though concerns about the risk of asset bubbles still exist.

In that context, any statements or indicators related to QE in the near future may continue to have a strong impact on market sentiment.

( First unemployment benefit application

Another important economic event to watch is the report on the number of initial jobless claims, reflecting the number of Americans filing for unemployment benefits in the previous week.

This index is an early measure of the health of the labor market. A lower-than-expected number of claims is a sign that the economy is stable and growing, while a higher-than-expected number of claims indicates an increased risk of layoffs and a greater risk of recession.

Notably, the higher-than-expected number of applications is often a positive signal for Bitcoin, as it may prompt the Fed to consider reducing interest rates. Conversely, a lower-than-expected number of applications is a negative factor, signaling the possibility of a delay or slowdown in rate cuts.

However, the release of this data depends on the progress of the reopening of the American government before Thursday.

Oklahoma Senator Markwayne Mullin shared: “After 40 days, the Senate has paved the way to reopen the government with a 60-40 vote. I have voted 15 times to end the shutdown… Although the people of Oklahoma have endured six weeks of hardship, I remain optimistic that this situation will soon come to an end.”

It is known that eight Democratic senators voted with the Republicans to reach the necessary 60 votes after 14 failures in the past 40 days.

) Consumer Price Index (CPI)

The CPI data for October is expected to be released on Thursday, providing insight into the level of price increases over the past month. However, this schedule also depends on whether the government of America will reopen.

Previously, the CPI for September was lower than expected, indicating an inflation increase of 3% compared to the same period last year.

Analyst Killa commented: “We have 4 days left until the CPI. The psychological dynamics beforehand will determine the next trend, whether it is a local peak or bottom.”

If inflation remains above the Fed's 2% target, monetary policy will continue to tighten, delaying a strong rate cut – an unfavorable factor for Bitcoin. Conversely, a CPI drop below 3% will reinforce expectations of a deflationary trend and the possibility of the Fed cutting interest rates.

Producer Price Index ###PPI(

The PPI index – reflecting the level of wholesale inflation, production costs before goods reach consumers – also depends on whether the U.S. government ends the shutdown.

Analyst Mark Cullen commented: “This week revolves around inflation and politics. The market is preparing for two major events: CPI on Thursday, PPI and retail sales on Friday, providing a comprehensive view of inflation and consumer strength. These figures will shape the trend of risky assets until the end of the year.”

In summary, the economic events in America along with the government shutdown will be key factors determining the price trend of Bitcoin this week. Investors need to closely monitor the data and statements from the Fed to develop appropriate strategies.

Mr. Teacher