The cryptocurrency market experienced a significant drop this week, losing over $260 billion in just 24 hours due to heightened volatility fueled by escalating trade tensions and global economic concerns. As traders navigate the volatile landscape, five major US economic events are set to impact the crypto market even more this week. 1. **FOMC Minutes (April 9):** The Federal Reserve’s minutes from its March meeting will offer insights into future interest rate decisions, shedding light on the Fed’s plans and potentially influencing Bitcoin prices. 2. **Initial Jobless Claims (April 10):** The weekly Initial Jobless Claims report provides a snapshot of the US labor market, offering insights into potential shifts in investment demand. 3. **CPI Report (April 10):** The Consumer Price Index (CPI) release will provide further insight into inflation trends. A persistently high CPI could keep the Fed hesitant to lower interest rates, potentially dampening Bitcoin’s performance. 4. **Producer Price Index (PPI) Data (April 11):** This report reflects inflationary pressures at the production level and will influence the Fed’s potential policy decisions regarding rate cuts. 5. **Consumer Sentiment Index (April 11):** This index measures consumer confidence about the economy, offering a gauge of investment preferences. A positive reading could lead investors to favor the stock market over crypto assets, while declining confidence may propel Bitcoin’s ascent as a safe haven investment.