5 US Events This Week That Could Shift Bitcoin Market Sentiment

Key Points

• 5 US Events This Week That Could Shift Bitcoin Market Sentiment
• Bitcoin hovers near $87K as traders await major US economic data
• PMI, consumer confidence, and jobless claims are in focus
• GDP revision and PCE inflation data could stir BTC volatility
• Bullish or bearish swings depend on economic strength or weakness

Bitcoin price action this week is under the microscope as the US gears up to release several critical economic reports. With BTC trading just under $87,000, investors are eyeing how upcoming data could shift momentum in either direction. These reports include updates on PMI, consumer confidence, jobless claims, GDP, and inflation.

US Economic Data With Bitcoin Implication this Week. Source: Trading Economics – Techtoken

As the market wraps up Q1 2025, the stakes are high, especially with broader crypto developments—from rising Ethereum transaction fee revenue to global movements like Pakistan’s crypto legalization plans—adding to the backdrop of uncertainty.

📉 5 US Economic Events That Could Impact Bitcoin Sentiment This Week:

1️⃣ Services & Manufacturing PMI
2️⃣ Consumer Confidence
3️⃣ Initial Jobless Claims
4️⃣ GDP Revision
5️⃣ PCE Index (Inflation)$BTC hovers near $87K, defending against downside, but these key releases could… pic.twitter.com/zGq8XJZGjw

— Wise Crypto (@WiseCrypto_) March 24, 2025

1. PMI and Consumer Confidence Set the Tone Early

The week begins with S&P Global’s Manufacturing and Services PMI data. A PMI reading above 50 shows economic expansion; anything below signals contraction. The current forecast sits at 52.7 for manufacturing and 51.0 for services.

• Strong numbers may encourage investors to move toward high-risk assets like Bitcoin.

• Weak PMI could stoke recession fears, making crypto less attractive in the short term.

🚨 This Week’s Market Movers: Mar 23rd-28th, 2025 🚨

A busy week as we come to the end of Q1 2025. How will the markets close out the first quarter of Trumps new term? and will Trump go ahead with Tariffs on April 2nd?

This weeks market movers:

🇺🇸 PMI (Mon 14:00 UTC) – >50 =… pic.twitter.com/ZZMYA1sOeu

— AlphaBTC (@mark_cullen) March 24, 2025

Tuesday brings the Consumer Confidence Index. After falling to 98.3 in February—its sharpest drop since 2021—a small recovery to 95.0 is forecast. A bounce here might uplift Bitcoin, given its retail-driven nature.

However, more negative sentiment could increase dovish expectations from the Federal Reserve, which might cause mixed reactions—balancing optimism about lower rates with caution about the economy’s health.

2. Jobless Claims, GDP Revision, and Inflation Data Hold the Power

Thursday’s Initial Jobless Claims report will show whether the labor market is holding up. The current estimate is 226,000, slightly up from 223,000 the previous week.

• Higher claims might signal economic weakness and push investors to hedge with Bitcoin.

• Fewer claims could strengthen equities and reduce crypto inflows.

The second revision of Q4 2024 GDP also arrives on Thursday. The estimate is 2.3% growth, down from the prior 3% annual figure.

Bitcoin might face pressure if GDP holds strong as investor funds flow to stocks. But if the reading disappoints, BTC could benefit from renewed rate-cut bets.

Friday’s PCE Index is a critical watchpoint. The Fed’s preferred inflation gauge was at 2.5% YoY in January. A higher reading could delay interest rate cuts, leading to short-term pain for Bitcoin. But a lower figure may revive hopes of looser monetary policy—supportive of risk assets.

With inflation still lingering, the February PCE outcome could shape BTC’s direction heading into April.

Bitcoin’s Role in US Economic Strategy Under Scrutiny

The Trump administration’s recent push to establish a Strategic Bitcoin Reserve has sparked debates over the cryptocurrency’s place in US economic policy. Introduced in March 2025 through an Executive Order, the reserve aims to back national strength with crypto assets seized from illegal activities.

However, not everyone is on board. Economist George Selgin challenged the idea, stating that Bitcoin’s price alone doesn’t directly influence GDP:

BTC is an asset that if it continues to grow at a rapid pace, will increase the GDP faster than the debt is increasing

That helps offset new debt and keeps inflation at a minimum.

This is what they are thinking IMO. The debt is rising so fast that they must grow the GDP

— Novanoodle (@Novanoodle5165) March 24, 2025

This adds another layer to ongoing discussions about crypto’s role in geopolitics. Similar to the dynamics seen during the Trump tariff war and Bitcoin’s 2017 rally, BTC could again become a hedge if economic tensions escalate.

At the same time, Bitcoin faces internal threats. For instance, MicroStrategy’s Bitcoin debt strategy could pose liquidation risks during market stress. These overlapping narratives make it clear—Bitcoin’s future is being shaped not just by retail and institutions, but also by political and fiscal decisions.

What This Means for Bitcoin Traders and Investors

Bitcoin price movements this week will depend heavily on how investors interpret the latest data. Strong economic signals may cool enthusiasm for BTC as equities become more attractive. But weak reports could ignite demand for crypto as a hedge against uncertainty.

Traders will be watching these events closely:

• Monday: PMI for manufacturing and services

• Tuesday: Consumer Confidence Index

• Thursday: Jobless Claims and Q4 GDP revision

• Friday: February PCE Index

With BTC sitting near $87,000, these figures could drive volatility and set the tone for Q2 2025.

Meanwhile, broader themes like international adoption and regulatory moves—such as Pakistan legalizing crypto—could further influence long-term investor sentiment. Ethereum’s growing network activity also highlights a shift in the broader crypto market, emphasizing the need to track ecosystem-wide trends beyond just Bitcoin.

BTC Price Performance. Source: Techtoken

As the quarter ends and a new one begins, Bitcoin’s ability to react and adapt to macroeconomic triggers will define its next breakout—or breakdown.