## US Economic Events This Week Could Impact Bitcoin’s Path to $110,000
Multiple US economic events are on the calendar this week, and they could either hinder Bitcoin’s climb towards $110,000 or provide the tailwinds that drive it even higher. The influence of US economic signals on Bitcoin and the broader crypto market remains significant in 2025, with market sentiment becoming a critical factor in short-term price action.
### Key US Economic Signals to Watch
#### Optimism Over Government Shutdown Deal
With growing optimism about a potential deal to end the longstanding US government shutdown, Bitcoin has already shown strength—recently climbing above the $105,000 threshold. Whether it continues its ascent or pulls back will largely depend on several major headlines expected this week.
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#### 1. Fed Speeches
A long list of Federal Reserve officials will be speaking throughout the week:
– **Tuesday:** Fed Governor Michael Barr
– **Wednesday:** New York Fed President John Williams, Philadelphia Fed President Anna Paulson, Fed Governor Chris Waller, Atlanta Fed President Raphael Bostic, Fed Governor Stephen Miran, and Boston Fed President Susan Collins
The sentiments expressed by these officials could sway investor mood, driving Bitcoin’s directional bias.
Furthermore, US Federal Reserve Chairman Jerome Powell recently indicated the Fed will soon expand its balance sheet again, signaling preparation for a new phase of quantitative easing (QE). Powell’s remarks sent crypto investors into a frenzy, anticipating a surge in liquidity—though some skeptics worry about the potential for an asset bubble. Any further clarification or statements regarding QE could significantly impact sentiment and Bitcoin price action.
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#### 2. Initial Jobless Claims
Another key event is the release of Initial Jobless Claims, reporting how many US citizens filed for unemployment insurance last week. This metric is a leading indicator of labor market health:
– **Lower-than-expected claims:** Signal economic strength and stability (bearish for Bitcoin, as it may delay rate cuts)
– **Higher-than-expected claims:** Signal potential layoffs and recession risks (bullish for Bitcoin, as it supports expectations for rate cuts)
It’s important to note that the release of this data depends on the resolution of the government shutdown; it may be postponed if the shutdown continues.
Oklahoma Senator Markwayne Mullin was optimistic after the Senate’s recent vote to reopen the government, stating:
> “After 40 days, the Senate unlocked a path to reopen the government. Final vote: 60-40. I voted for the 15th time to end the Schumer Shutdown. I’m frustrated that Oklahomans have faced almost six weeks of unnecessary hardship, travel delays, and missed paychecks. Still, after this important vote, I’m optimistic the Schumer Shutdown will soon come to an end.”
Reportedly, eight Democrats joined Republicans to achieve the required vote and end the filibuster, which had failed 14 times over the past 40 days.
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#### 3. CPI (Consumer Price Index)
The October CPI data may also be released this week, potentially on Thursday, providing insight into how prices moved in October. This schedule, however, is also contingent on the government shutdown ending.
The September CPI surprised to the downside, showing inflation rose at an annual rate of 3% year-over-year. Crypto analyst Killa commented:
> “We’ve got 4 days until CPI. The narrative leading into it will shape what comes next, another local top or a local bottom.”
If inflation remains above the Fed’s 2% target, monetary policy stays restrictive, delaying aggressive rate cuts—a mildly bearish scenario for Bitcoin, which flourishes on ample liquidity. Conversely, a CPI drop below 3.0% would confirm disinflation, boosting expectations for rate cuts and potentially lifting risk assets.
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#### 4. PPI (Producer Price Index) and Retail Sales
The PPI release, measuring wholesale inflation, along with Retail Sales data, are also contingent on the US government shutdown’s end. As analyst Mark Cullen observed:
> “This week is all about inflation + politics. Markets are bracing for a double-header: CPI on Thursday and PPI + Retail Sales on Friday, a full read on inflation and consumer strength. These prints will set the tone for risk assets into year-end.”
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### Government Shutdown Remains a Pivotal Factor
Based on these tentative economic events, the ongoing US government shutdown drama is a crucial determinant of Bitcoin’s direction this week. As of writing, BTC is trading at $106,195, up over 4% in the last 24 hours.
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**Stay tuned for timely updates as these events unfold—their impact could shape Bitcoin’s trajectory as we head towards the end of the year.**
https://bitcoinethereumnews.com/bitcoin/top-4-us-economic-events-in-bitcoins-path-to-110000/