Bitcoin Holds Firm Amidst Fed Buzz and Economic Calendar Chaos
Bitcoin has held steady at around $81,237 as of September 21, amidst a packed US economic calendar and eight Federal Reserve speaker events. The asset is up 0.7% over the last 24 hours, according to CoinGecko.
The ADP Employment Change data for this week's jobs numbers is set to be released on Tuesday, which can impact rate market expectations and crypto sentiment. The S&P Manufacturing PMI and S&P Services PMI will be published on Wednesday, followed by New Home Sales data on Thursday and Durable Goods Orders on Friday.
The oil market remains in focus this week, with crude supply and demand dynamics tracked through the US Energy Information Administration. Elevated oil prices tend to complicate the inflation outlook that the Fed weighs during policy discussions.