Trader’s Mid-Week Briefing: How the Next 3 Days of Data Will Move Crypto

After a quiet start to the week, crypto markets are bracing for a volatile three days of key US data A key divergence between the S&P and ISM manufacturing reports is creating market uncertainty The main event is Friday’s August jobs report, which could confirm or deny a September Fed rate cut The first week of September is already proving to be a critical one for the crypto market. After a quiet start on Monday, traders are now bracing for a flood of high-stakes U.S. economic data and the final round of Fed speeches. The next three days are crucial, as this is the last batch of information that will shape the narrative for the make-or-break September 17 rate decision. Same time in 2024: Key Economic Events in September to Shape Crypto Markets How Will the Rest of This Week’s Jobs Data Impact Bitcoin? The main event that will shape the September narrative is the U.S. labor market data. A strong or weak report this week could determine Bitcoin’s trajectory for the entire month. Why are crypto traders watching the upcoming JOLTS and NFP reports? Starting tomorrow, the data drops begin with Wednesday’s JOLTS survey and Thursday’s ADP report.… The post Trader’s Mid-Week Briefing: How the Next 3 Days of Data Will Move Crypto appeared first on Coin Edition .