Economic events are driving forces behind Bitcoin price movements this week. Key economic indicators like the Fed’s monetary policy and institutional investments are shaping investor sentiment and impacting trading volumes on major exchanges. Investors will be watching as figures like Jerome Powell provide insights into the future direction of monetary policy. These developments could further influence short-term volatility for Bitcoin.** Institutional interest in Bitcoin, evidenced by recent data showing $2.7 billion in inflows to Bitcoin ETFs, is another key factor. The increased confidence of long-term holders, as reflected in a recent 4.2% rise in supply, could also contribute to a bullish trend in the short term.** A crucial aspect to watch for this week is how economic indicators like PMIs and Fed policies impact market volatility and price movements for Bitcoin. This pattern has been consistent in the past and traders are bracing for key data releases on consumer sentiment and inflation expectations. The potential for both gains and losses makes Bitcoin a prime candidate as a hedge against macro-economic shifts.**