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Four Foreboding Catalysts in Bitcoin and DeFi This Week 🕸️🖤

Yo fr this economic drama dropping from the US is about to shake up our crypto bags with some major volatility rn 😈.

Inflation Tea And GDP Chaos 🌑

Tuesday vibes start with the August JOLTS Job Openings Report plus September consumer confidence data. The first one gives a peek at worker demand before that huge employment drop at week’s end. US Bureau of Labor Statistics already confirmed the JOLTS drop hits on September 29. Wednesday looks even spicier for our markets as the Bureau of Economic Analysis drops August Personal Income and Outlays which includes the Fed’s fave PCE price index. They will also share the final Q2 US GDP estimate. That inflation read is gonna hit BTC and the alts hardest. The US central bank hiked rates earlier this month for the first time in over three years and hotter pressures could push more hike bets. Softer numbers tho might chill those tightening vibes 🖤.

Jobs Report Friday Energy 🦇

That last jobs report came in way stronger than expected and tanked the crypto market with BTC plus alts crashing right after. This next one lands Friday at 8:30 am ET with fresh payroll growth unemployment and wages numbers. Labor market moves tie straight into rate bets so another hot report could hand the Fed more hike room while cooling signs might flip things the other way. Before Friday’s drop Thursday brings the September ISM Manufacturing PMI after August’s 54.6 marked eight straight months of expansion. The Kobeissi Letter analysts tallied 22 Fed speaker events this week which could layer extra market chaos on top 📉.
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