Bitcoin Traders Eye ISM Report and Fed Minutes This Week
Bitcoin (BTC) traders have two key U.S. economic events to watch this week. First, the Institute for Supply Management will release its services report on Oct. 5 at 10 a.m. ET (14:00 UTC). This report will offer insights into the performance of the U.S. services sector, a critical component of the economy.
The second major event is the release of the Federal Reserve’s meeting minutes from Sept. 15-16 on Oct. 7 at 2 p.m. ET (18:00 UTC). These minutes will detail the discussions that led to the central bank’s policy decisions, providing valuable context for future monetary policy movements.
Both reports could influence market sentiment and Bitcoin’s price movements. The ISM Services PMI is particularly important as it reflects economic activity in the service-driven U.S. economy. Meanwhile, the Fed minutes may offer clues about future interest rate adjustments or policy shifts, which can impact risk assets like Bitcoin.