Key Economic Events to Watch This Week: US CPI, PPI, and Earnings Reports
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The crypto market lost $150 billion in market capitalization, falling to $2.57 trillion, while Bitcoin dropped to a 12-week low near $73,510 as investors brace for a heavy week of US economic data. The US CPI and PPI reports are due alongside major corporate earnings, events that could shape expectations for interest rates and risk appetite across digital assets. The drawdown reflects caution ahead of the inflation prints, with traders watching whether the data reinforce or ease concerns over persistent price pressures. Bitcoin's slide to $73,510 marks its weakest level in roughly three months, underscoring how macro uncertainty is weighing on crypto valuations. What comes next hinges on the CPI and PPI readings and the market's interpretation of the earnings season, which together could determine whether the sell-off deepens or stabilizes.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
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Bitcoin (BTC), US CPI, US PPI
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