The focus: Important US economic data could influence crypto markets in the second week of July

The focus: Important US economic data could influence crypto markets in the second week of July

important US economic data and its effects on the crypto markets

By entering the second week of July, it is of great importance for traders and investors to carefully observe the US economic data. These economic data have the potential to significantly influence crypto markets.

As a rule, the crypto markets are sensitive to changes in the economic situation of the United States, since they have a direct influence on the global financial system. The most important economic indicators include the labor market data, inflation figures and GDP growth.

traders should therefore pay particular attention to the publication of this data, since they can often trigger volatility and changes in the market. A positive economic growth or falling unemployment figures can strengthen trust in risky systems such as cryptocurrencies, while negative indicators can lead to a decline in the market.