Oh, the crypto rollercoaster! Bitcoin (BTC) took a nosedive back to the $115,000 range, and Ethereum (ETH) is playing “Marco Polo” around $4,300. Will it crash or bounce? 🪣 That depends on this week’s wacky US economic shenanigans! 🤡
Bitcoin’s like a drama queen reacting to every US economic whisper. This week’s data? It’s the crypto equivalent of a soap opera plot twist! 🧨
🎭 US Economic Circus Acts That’ll Make Your Crypto Portfolio Sweat
Grab your popcorn 🍿 and watch these events shake up your crypto world like a Polaroid picture!
🤹♂️ FOMC Minutes: The Fed’s Tea Leaves
The FOMC (Federal Open Market Committee) minutes are dropping Wednesday, and it’s like reading a cryptic fortune cookie. 🥠 Will the Fed raise rates, lower them, or just shrug? 🤷♂️
Higher rates? Dollar flexes 💪, Bitcoin cries. 😭 Lower rates? Crypto party time! 🎉 But don’t hold your breath-the CME FedWatch Tool says there’s an 84.8% chance the Fed’ll cut rates in September. Or not. Who knows? ¯\_(ツ)_/¯
Inflation’s still at 2.7%? Yawn. 😴 But the 9-2 vote on keeping rates steady? Now that’s juicy gossip! 🍵
Will the FOMC minutes spill the tea on how divided they are? Stay tuned for the drama! 🍿
🧑💼 Initial Jobless Claims: The Labor Market Soap Opera
Every Thursday, we get the jobless claims numbers-aka the “How Many People Lost Their Jobs This Week” report. 🎭 Last week? 224,000. Economists expected 229,000. Close enough? 🤏
Eric Basmajian says jobless claims are stabilizing. Less so for the insured UR rate. 🤔 Stable but slightly rising? That’s like a lukewarm coffee-not great, not terrible. ☕ But it might boost Bitcoin if the Fed gets rate-cut happy! 🚀
Initial jobless claims have been stabilizing over the last few weeks.
Less so for the insured UR rate.
– Eric Basmajian (@EPBResearch) August 7, 2025
Cooling labor market? Brrr. ❄️ But for Bitcoin, it’s like a warm hug. 🤗
🎪 Fed’s Jackson Hole Meeting: The Crypto Circus
Friday’s Jackson Hole Symposium? It’s like the Super Bowl of central banking, but with more drama and fewer touchdowns. 🏈 Jerome Powell’s keynote at 10 AM ET? That’s the halftime show! 🎤
“Jackson Hole Economic Policy Symposium Meeting Aug 21-23rd (hosting dozens of central bankers, policymakers, academics, and economists from around the world). Jerome Powell is speaking here on August 22 at 10 am EST. This will give us a good outlook for next month’s rate cuts,” wrote CryptoData, a popular account on X.
Past Jackson Hole speeches have reset expectations like a game of Jenga. 🪨 Will Powell knock over the crypto tower? 🏗️
As of now, Bitcoin’s at $115,233, down 3% in 24 hours. But hey, it’s crypto-it’ll probably moon by tomorrow. 🚀 Or crash. 🪂 Who knows? Not me, that’s for sure! 🤪
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2025-08-18 09:37